National American University (NAUH) 10-K 19 Sep 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	May 31, 2019	Aug. 26, 2019	Nov. 30, 2018
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	May 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	National American University Holdings, Inc.
Entity Central Index Key	0001399855
Current Fiscal Year End Date	--05-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		24,650,083
Entity Public Float			$ 3,600,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 1,335	$ 5,324
Student receivables - net of allowance of $251 and $301 at May 31, 2019 and May 31, 2018, respectively	615	1,402
Other receivables	132	563
Income taxes receivable	6	105
Prepaid and other current assets	750	1,234
Current assets of discontinued operations	254	1,809
Total current assets	3,092	10,437
Total property and equipment - net	15,876	18,813
Total property and equipment - net of discontinued operations	0	6,415
OTHER ASSETS:
Restricted certificates of deposit	15,625	9,250
Condominium inventory	0	512
Land held for future development	414	414
Course development - net of accumulated amortization of $2,338 and $2,227 at May 31, 2019 and May 31, 2018, respectively	1,332	1,715
Goodwill	363	363
Other intangibles - net of accumulated amortization of $64 and $22 at May 31, 2019 and May 31, 2018, respectively	165	207
Other	1,109	375
Other assets of discontinued operations	69	306
Total other assets	19,077	13,142
TOTAL	38,045	48,807
CURRENT LIABILITIES:
Current portion of capital lease payable	432	380
Current portion of long-term debt	800	800
Accounts payable	2,763	1,496
Income taxes payable	31	70
Deferred income	2,798	2,026
Accrued and other liabilities	1,876	2,522
Current liabilities of discontinued operations	5,386	3,795
Total current liabilities	14,086	11,089
OTHER LONG-TERM LIABILITIES	131	505
CAPITAL LEASE PAYABLE, NET OF CURRENT PORTION	10,425	10,857
LONG-TERM DEBT, NET OF CURRENT PORTION	15,700	7,200
LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS	5,861	2,183
COMMITMENTS AND CONTINGENCIES (Note 17)
STOCKHOLDERS' EQUITY:
Common stock, $0.0001 par value (50,000,000 authorized; 29,053,894 issued and 24,650,083 outstanding as of May 31, 2019; 28,685,195 issued and 24,344,122 outstanding as of May 31, 2018)	3	3
Additional paid-in capital	59,476	59,305
Accumulated deficit	(45,209)	(19,873)
Treasury stock, at cost (4,432,160 shares at May 31, 2019, and 4,341,073 shares at May 31, 2018)	(22,510)	(22,496)
Total National American University Holdings, Inc. stockholders' equity	(8,240)	16,939
Non-controlling interest	82	34
Total stockholders' equity	(8,158)	16,973
TOTAL	$ 38,045	$ 48,807

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Statement of Financial Position [Abstract]
Allowance for student receivables	$ 251	$ 301
Accumulated amortization of course development	2,338	2,227
Accumulated amortization of other intangibles	$ 64	$ 22
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	29,053,894	28,685,195
Common stock, shares outstanding	24,650,083	24,344,122
Treasury stock, shares	4,432,160	4,341,073

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	May 31, 2019	May 31, 2018
REVENUE:
Academic revenue	$ 33,232	$ 26,692
Auxiliary revenue	1,798	1,858
Rental income - apartments	1,386	1,404
Condominium sales	646	817
Other real estate income	203	193
Total revenue	37,265	30,964
OPERATING EXPENSES:
Cost of educational services	11,208	9,105
Selling, general and administrative	30,258	30,530
Auxiliary expense	1,169	1,238
Cost of condominium sales	507	709
Loss on course development impairment	0	286
Loss on impairment and disposition of property and equipment	1,014	378
Total operating expenses	44,156	42,246
OPERATING LOSS	(6,891)	(11,282)
OTHER INCOME (EXPENSE):
Interest income	136	76
Interest expense	(1,291)	(846)
Other expense - net	(17)	(72)
Total other expense	(1,172)	(842)
Loss from Continuing Operations before Income Taxes	(8,063)	(12,124)
INCOME TAX (EXPENSE) BENEFIT	(31)	271
NET LOSS	(8,094)	(11,853)
LOSS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAX	(16,951)	(219)
Income Tax (Expense) Benefit from Discontinued Operations	0	(39)
NET LOSS FROM DISCONTINUED OPERATIONS	(16,951)	(258)
NET LOSS	(25,045)	(12,111)
Net Income Attributable to Non-Controlling Interest	(48)	(50)
NET LOSS ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC. AND SUBSIDIARIES	(25,093)	(12,161)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
Unrealized gains (losses) on investments, net of tax benefit (expense) Income tax benefit related to items of other comprehensive loss	0	4
COMPREHENSIVE INCOME ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC.	$ (25,093)	$ (12,157)
Basic net loss attributable to National American University Holdings, Inc.
Continuing Operations	$ (0.33)	$ (0.49)
Discontinued Operations	(0.69)	(0.01)
Net income per share - basic	(1.02)	(0.50)
Diluted net loss attributable to National American University Holdings, Inc.
Continuing Operations	(0.33)	(0.49)
Discontinued Operations	(0.69)	(0.01)
Net income per share - diluted	$ (1.02)	$ (0.50)
Basic weighted average shares outstanding	24,421,461	24,239,888
Diluted weighted average shares outstanding	24,421,461	24,239,888

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common stock	Additional paid-in capital	Retained earnings	Treasury Stock	Accumulated other comprehensive loss	Non-controlling interest	Total
Balance at May. 31, 2017	$ 3	$ 59,060	$ (6,622)	$ (22,481)	$ (4)	$ (16)	$ 29,940
Purchase of shares common stock for the treasury				(15)			(15)
Share based compensation expense		245					245
Dividends declared			(1,090)				(1,090)
Net (loss) income			(12,161)			50	(12,111)
Other comprehensive income (loss), net of tax					4		4
Balance at May. 31, 2018	3	59,305	(19,873)	(22,496)	0	34	16,973
Purchase of shares common stock for the treasury				(14)			(14)
Impact of adoption of new accounting standard			(243)				(243)
Share based compensation expense		171					171
Net (loss) income			(25,093)			48	(25,045)
Balance at May. 31, 2019	$ 3	$ 59,476	$ (45,209)	$ (22,510)	$ 0	$ 82	$ (8,158)

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	May 31, 2019	May 31, 2018
Statement of Stockholders' Equity [Abstract]
Number of common shares for treasury	91,087	8,029
Dividends declared		$ .045

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	May 31, 2019	May 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from Continuing Operations	$ (8,094)	$ (11,853)
Net loss from Discontinued Operations	(16,951)	(258)
Adjustments to reconcile net (loss) income to net cash flows provided by operating activities:
Depreciation and amortization	2,580	2,671
Loss on course development impairment	0	286
Loss on impairment and disposition of property	1,014	378
Realized loss on sale of available-for-sale investments	0	16
Provision for uncollectable tuition	494	592
Noncash compensation expense	171	245
Deferred income taxes	0	(194)
Changes in assets and liabilities:
Student and other receivables	438	(1,716)
Prepaid and other current assets	484	(490)
Condominium inventory	512	713
Other assets	(554)	451
Income tax receivable/payable	60	2,153
Accounts payable	1,267	502
Deferred income	529	783
Accrued and other liabilities	(876)	518
Other long-term liabilities	(374)	(190)
Discontinued Adjustments used in operating activities	13,849	1,597
Net cash flows used in operating activities	(5,451)	(3,796)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale investments	0	(1,747)
Proceeds from sale of available for sale investments	0	4,668
Net cash paid for acquisition	0	(1,269)
Purchases of restricted certificates of deposit	(7,475)	(8,000)
Proceeds from the release of restricted certificates of deposit	1,100	0
Purchases of property and equipment	(795)	0
Proceeds from sale of property and equipment	524	570
Other	(40)	(237)
Discontinued Adjustments used in investing activities	42	(2,309)
Net cash flows used in investing activities	(6,644)	(8,324)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of capital lease payable	(380)	(331)
Borrowings of long-term debt	8,500	8,000
Purchase of treasury stock	(14)	(15)
Dividends paid	0	(2,184)
Net cash flows provided by financing activities	8,106	5,470
NET DECREASE IN CASH AND CASH EQUIVALENTS	(3,989)	(6,650)
CASH AND CASH EQUIVALENTS - Beginning of year	5,324	11,974
CASH AND CASH EQUIVALENTS - End of year	1,335	5,324
BALANCE SHEET RECONCILIATION
CASH AND CASH EQUIVALENTS - End of year	1,335	5,324
RESTRICTED CASH	15,625	9,250
TOTAL CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	16,960	14,574
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:
Cash paid for income taxes	(29)	(2,192)
Cash paid for interest	$ 1,293	$ 835

STATEMENT PRESENTATION AND BASI

STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION	12 Months Ended
	May 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION	The accompanying financial statements are presented on a consolidated basis and include the accounts of National American University Holdings, Inc., its subsidiary, Dlorah, Inc. (“Dlorah”) and its divisions, National American University (“NAU” or the “University”), Fairway Hills, the Fairway Hills Park and Recreational Association, the Park West Owners’ Association, the Vista Park Owners’ Association (“Fairway Hills”), and the Company’s interest in Fairway Hills Section III Partnership (the “Partnership”), collectively the “Company.” The Partnership is 50% owned by Dlorah and 50% owned by individual family members, most of whom are either direct or indirect stockholders of the Company. The Partnership is deemed to be a variable interest entity (“VIE”) under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810-10 , Consolidation The Company has determined that the Partnership qualifies as a VIE and that the Company is the primary beneficiary of the Partnership. Accordingly, the Company consolidated assets, liabilities, and net income of the Partnership within its consolidated balance sheets and statements of operations and comprehensive loss and appropriately presented the balances as non-controlling interest within the consolidated balance sheets and statements of operations and comprehensive loss. As of May 31, 2019 and 2018, the consolidated balance sheets include Partnership assets of $403 and $472, respectively, and Partnership liabilities of $92 and $88, respectively. The consolidated statements of operations and comprehensive loss include Partnership net income of $96 and $99, for the years ended May 31, 2019 and 2018, respectively. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Throughout the notes to the consolidated financial statements, amounts in tables are in thousands of dollars, except for share and per share data or as otherwise designated. The Company’s fiscal year end is May 31. These financial statements include consideration of subsequent events through issuance. All intercompany transactions and balances have been eliminated in consolidation. Unless the context otherwise requires, the terms “we”, “us”, “our” and the “Company” used throughout this document refer to National American University Holdings, Inc. and its wholly owned subsidiary, Dlorah, which owns and operates National American University and Fairway Hills. Estimates - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts and disclosures reported in the financial statements. On an ongoing basis, the Company evaluates the estimates and assumptions, including those related to bad debts, income taxes and certain accruals. Actual results could differ from those estimates. Financial Condition and Liquidity - For the year ended May 31, 2019, cash used in operating activities was $5.5 million and unrestricted cash and cash equivalents decreased by $4.0 million from May 31, 2018. As of May 31, 2019, the Company had $1.3 million of unrestricted cash and cash equivalents, working capital deficiency of $11.0 million, and a negative total stockholder’s equity of $8.2 million. Considering the Company’s current financial position, there is concern that NAU will not have sufficient cash resources to fund forecasted operating requirements, without additional financing or other actions by management. The planned actions by management that occurred after May 31, 2019, the results of which management believes are probable of occurring and will be sufficient to meet its forecasted liquidity needs for the next twelve months from the issuance of the Company’s financial statements are as follows: · The Company sold its real estate holdings in the Park West holdings to a related party for a proceed, net of taxes and fees, of $2.1 million. · The Company estimated a decrease of approximately $5.2 million in annual payroll and operating expenses by eliminating contracts or renegotiating contract rate reductions with third-party vendors, by eliminating positions throughout the organization, reducing its payroll rate, and implementing mandatory employee furlough. · The Company decided to divest one aircraft, a non-revenue producing asset, to support its liquidity needs. The estimated proceeds from the aircraft sale is approximately $750 thousand.

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	May 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	National American University Holdings, Inc., formerly known as Camden Learning Corporation, was incorporated in the State of Delaware on April 10, 2007. On November 23, 2009, Dlorah became a wholly-owned subsidiary of the Company pursuant to an Agreement and Plan of Reorganization between the Company and Dlorah. The Company’s common stock was listed as NAUH on Nasdaq Global Market through January 17, 2019, at which time it voluntarily delisted and transferred its listing to the Over the Counter Quotation Bureau (OTCQB) Market. The delisting and transfer was the result of the Company’s market value of publicly held shares no longer meeting the requirement to maintain a minimum Market Value of Publicly Held Shares of $5,000, as set forth in Nasdaq Listing Rule 5450(b)(1)(C), as well as consideration of the probability of regaining compliance, the common stock’s current trading volume and price, and the costs of maintaining eligibility to list the Company’s common stock on the Nasdaq Global Market. As of June 5, 2019, the Company ceased being a reporting company under the Securities and Exchange Act of 1934, as amended, and now reports under the OTCQB Market’s Alternative Reporting Standards. NAU is a regionally accredited, proprietary institution of higher learning, offering associate, bachelors and master’s degree programs in many disciplines of study. Beginning June 2019, courses will be offered through online instruction only. NAU consists of a group of educators dedicated to serving its students to achieve success in attaining their educational goals to advance their career opportunities. A substantial portion of NAU’s academic income is dependent upon federal student financial aid programs, employer tuition assistance, and contracts to provide online course development, hosting and technical assistance to other educational institutions. To maintain eligibility for financial aid programs, NAU must comply with U.S. Department of Education requirements, including the maintenance of certain financial ratios. In addition to the university operations, the Company owns and operates a real estate business known as Fairway Hills Developments, or Fairway Hills. The real estate business rents apartment units and develops and sells condominium units in the Fairway Hills Planned Development area of Rapid City, South Dakota. Approximately 92% of the Company’s total revenues for each of the years ended May 31, 2019 and 2018, were derived from NAU’s academic revenue.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	May 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Cash and Cash Equivalents Investments The Company’s investments were comprised of the following at May 31: 2019 2018 Gross Gross Gross Gross Gross Unrealized Unrealized Unrealized Unrealized Amortized Holding Holding Fair Amortized Holding Holding Fair Cost Gains Losses Value Cost Gains Losses Value Restricted Certificates of deposit $ 15,625 $ - $ - $ 15,625 $ 9,250 $ - $ - $ 9,250 Declines in the fair value of individual securities classified as available-for-sale below their amortized cost that are determined to be other than temporary result in write-downs of the individual securities to their fair value, with the resulting write-downs included in current earnings as realized losses. Unrealized losses that may occur are generally due to changes in interest rates and, as such, are considered by the Company to be temporary. Management evaluates securities for other-than-temporary impairment on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investments in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The Company had no impairments during the years ended May 31, 2019 and 2018. Student Receivables Other Receivables Property and Equipment Years Buildings and building improvements 19-40 Land improvements 10-20 Furniture, vehicles, and equipment 5-15 For tax purposes, depreciation is computed using the straight-line and accelerated methods. Property and equipment — net consists of the following as of May 31: 2019 2018 Land $ 211 $ 211 Land improvements $ 1,018 $ 691 Construction in progress $ - $ 945 Building under capital lease $ 10,600 $ 10,600 Buildings and building improvements $ 10,257 $ 23,871 Furniture, vehicles, and equipment $ 13,429 $ 27,435 Total gross property and equipment $ 35,515 $ 63,753 Less capital lease accumulated depreciation $ (4,019 ) $ (3,489 ) Less other accumulated depreciation $ (15,620 ) $ (35,036 ) Total net property and equipment $ 15,876 $ 25,228 Condominium Inventory Capitalized Course Development Costs The Company capitalizes course development costs. Costs that qualify for capitalization are external direct costs, payroll, and payroll-related costs. Costs related to general and administrative functions are not capitalizable and are expensed as incurred. Capitalization ends at such time that the course and/or material is available for general use by faculty and students. After becoming available for general use, the costs are amortized on a course-by-course basis over a period of three to five years. After the amortization period commences, the cost of maintenance and support is expensed as incurred, because it does not provide future benefit. If it is determined that the curriculum will not be used, the capitalized curriculum costs are written off and expensed in the period of this determination. The amortization of capitalized course development costs was $455 and $311 for the fiscal years 2019 and 2018, respectively. Goodwill and Intangible Assets Impairment of Long-Lived Assets Deferred Income Taxes Non-Controlling Interest Leases Rental Expense Advertising

RECENTLY ADOPTED AND NEW ACCOUN

RECENTLY ADOPTED AND NEW ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	May 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENTLY ADOPTED AND NEW ACCOUNTING PRONOUNCEMENTS	In May 2014, the Financial Accounting Standards Board issued Accounting Standard Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Leases The strategic and operational shift from ground locations to online programs affects management’s estimate of the impact of the implementation of ASU 842 on the Company’s financial statements. As of May 31, 2019, five ground campus locations continue to be operational, and the Company expects the operating leases associated with four of these locations will be accelerated during fiscal year ending May 31, 2020, once these campus operations are discontinued. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting In May 2017, the FASB issued ASU 2017-09, Scope of Modification Accounting In August 2018, the FASB issued ASU 2018-13, Changes to Disclosure Requirements for Fair Value Measurements

REVENUES

REVENUES	12 Months Ended
	May 31, 2019
Revenue from Contract with Customer [Abstract]
REVENUES	Impact of Adoption of ASC 606 – Revenue from Contracts with Customers On June 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC Topic 606”) ASC Topic 605, Revenue Recognition (“ASC Topic 605”) ASC Topic 606 As a result of the adoption of ASC Topic 606 ASC Topic 606 classes. Compared to the amounts under ASC Topic 605 ASC Topic 606 Revenue Recognition The following table presents the Company's revenues from contracts with customers, from our continuing operations, dissagregated by material revenue category: Year ended May 31, 2019 Year ended May 31, 2018 Academic revenue 33,232 26,692 Auxiliary revenue 1,798 1,858 Real Estate revenue 2,235 2,414 Consolidated revenue $ 37,265 $ 30,964 Revenues are recognized when control of the promised goods or services are transferred to customers in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those goods and services. The Company applies the five-step revenue model under ASC Topic 606 Academic Revenue: Tuition revenue represents amounts charged for course instruction. For tuition revenue, the Company performs an assessment at the beginning of each student contract and, subsequently thereafter, if new information indicates there has been a significant change in facts and circumstances. Each student contract contains a single performance obligation that is the Company’s promise to the student to provide knowledge and skills through course instruction, which may include any combination of classroom instruction, on-demand tutoring or on-line instruction. Tuition revenue is reported net of adjustments for discounts, refunds and scholarships. Tuition rates per student vary by educational site, the number of credit hours the student is enrolled in for the term, the program, and the degree level of the program. The portion of tuition and registration fees received but not earned, less estimated student withdrawals, is recorded as deferred income and reflected as a current liability in the Company’s consolidated balance sheets, as such amount represents revenue the Company expects to earn from terms that are not complete as of the date of the financial statements. Tuition revenue is deferred and recognized as revenue ratably over the term of instruction (typically three months). Tuition revenue is recognized over time as the students obtain control of the educational services provided by the Company subsequent to enrollment and on a ratable basis over the term of the course beginning on the course start date through the last day of classes. If a student withdraws prior to the completion of the academic term, the respective portion of tuition and registration fees the Company already received and is not entitled to retain are refunded back to the students and the Department of Education. Students are no longer entitled to a refund once 60% of the term has been completed. For students that have withdrawn from all classes during an academic term, the Company estimates the expected receivable balance due from such students and records a provision to reduce academic revenue for that amount, less estimated collections calculated based on historical collection trends and adjusted for known current factors. Auxiliary Revenue: ASC Topic 605 ASC Topic 606 Real Estate Revenue: ASC Topic 605 ASC Topic 606 The following presents the Company’s net revenue from continuing operations disaggregated based on the timing of revenue recognition: Year ended May 31, 2019 Year ended May 31, 2018 Services transferred over time: Academic revenue (transferred over academic term) 33,232 26,692 Rental income (transferred over rental period) 1,386 1,404 $ 34,618 $ 28,096 Services transferred at a point in time: Auxiliary revenue 1,798 1,858 Other real estate income 203 193 Condominium sales 646 817 $ 2,647 $ 2,868 Total revenue $ 37,265 $ 30,964

STUDENT RECEIVABLES, NET

STUDENT RECEIVABLES, NET	12 Months Ended
	May 31, 2019
Accounts Receivable, after Allowance for Credit Loss [Abstract]
STUDENT RECEIVABLES, NET	Student accounts receivable is composed primarily of amounts due related to tuition and educational services. Student receivables, net, from continuing operations, consist of the following as of the respective period ends: May 31, 2019 May 31, 2018 Student accounts receivable 866 1,703 Less allowance for doubtful accounts (251) (301) Student receivables, net $ 615 $ 1,402

IMPAIRMENT OF LONG-LIVED ASSETS

IMPAIRMENT OF LONG-LIVED ASSETS	12 Months Ended
	May 31, 2019
Property, Plant and Equipment [Abstract]
IMPAIRMENT OF LONG-LIVED ASSETS	Long-lived assets are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. For assets that are held and used, impairment exists when the estimated undiscounted cash flows associated with the asset or group of assets is less than carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying and fair value. Fair values are determined based on quoted market values, discounted cash flows, or internal and external appraisals, as applicable. All impairment charges are recorded within loss on impairment and disposition of property and equipment and as a component of net loss from discontinued operations, in the consolidated financial statements. Upon management’s review of assets for impairment, an impairment charge of $2,235 was recorded for the year ended May 31, 2018. As a result of the operational shift to online operations approved by the Company’s Board of Directors, an impairment charge of $6,793 was recorded for the year ended May 31, 2019. See Note 8 below for further details on our operational shift.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	May 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	On October 29, 2018, the Company’s Board of Directors approved an operational plan that focuses NAU’s growth strategies on online academic programs and expanding its programming and services related to strategic security, counter-terrorism, and intelligence for the public and private sectors. The Company remains committed to offering many of its current programs and maintaining its longstanding mission to assist students in achieving their educational goals and preparing them for employment in a rapidly evolving and increasingly competitive employment market. In alignment with its new operational plan, the Company executed an orderly exit of ground-based programs and locations. As of May 31, 2019, NAU successfully exited all ground-based locations, except for five locations across the states of Colorado, Indiana, Kansas, and Texas. We expect the operations of these campuses to be discontinued during the year ending May 31, 2020. The Company will continue to work with students to provide for completion of their programs with NAU or another institution. The Company’s operational plan qualifies as a material strategic shift. The financial information related to all ground-based locations for which the operations were discontinued as of May 31, 2019 is presented as discontinued operations in the consolidated financial statements. As the result of this strategic shift, an impairment charge of $6,793 and a loss related to lease acceleration of $8,564 were recorded during the year ended May 31, 2019. The following table presents the aggregate carrying amounts of the assets and liabilities of discontinued operations: May 31, 2019 May 31, 2018 (in thousands) (in thousands) Student receivables, net of allowance 185 1,491 Prepaid and other current assets 69 318 Total current assets of discontinued operations 254 1,809 Property and equipment - net - 6,415 Course Development - 126 Other 69 180 Total long-term assets of discontinued operations 69 6,721 Total assets classified as discontinued operations $ 323 $ 8,530 Current portion of lease acceleration payable 2,792 - Accounts payable 1,928 495 Deferred income 492 1,732 Accrued and other liabilities 174 1,568 Total current liabilities of discontinued operations 5,386 3,795 Other long-term liabilities - 2,183 Long-term lease acceleration payable, net of current portion 5,861 - Total long-term liabilities of discontinued operations 5,861 2,183 Total liabilities classified as discontinued operations $ 11,247 $ 5,978 The discontinued operation's financial results are presented as loss from discontinued operations, net of income taxes in our consolidated statement of income. The following table presents those financial results: 2019 2018 (in thousands) (in thousands) Revenue: Academic revenue 15,284 44,193 Auxiliary revenue 550 2,027 Total revenue 15,834 46,220 Operating Expenses: Cost of educational services 8,718 17,041 Selling, general and administrative 9,407 25,653 Auxiliary expense 403 1,503 Loss on lease termination and acceleration 8,564 362 Loss on impairment and disposition of property and equipment 5,656 1,880 Total operating expenses 32,748 46,439 Operating Loss from discontinued operations (16,914) (219) Interest and other - net (37) - Loss from discontinued operations before income tax (16,951) (219) Income Tax (Expense) - (39) Net loss from discontinued operations (16,951) (258)

LETTER OF CREDIT AND LONG-TERM

LETTER OF CREDIT AND LONG-TERM DEBT	12 Months Ended
	May 31, 2019
Debt Disclosure [Abstract]
LETTER OF CREDIT AND LONG-TERM DEBT	During the year ended May 31, 2018, the Company entered into an irrevocable letter of credit with Great Western Bank for $1,000. The letter of credit was required by the state of New Mexico in an amount set by the New Mexico Department of Higher Education. The agreement expired December 19, 2018. This $1,000 letter of credit and the Company’s purchasing card account were secured by a restricted certificate of deposit totaling $1,250. The certificate of deposit matured on December 19, 2018. The Company replaced the $1,000 letter of credit required by the State of New Mexico by submitting an acceptable bond in place of the letter of credit. The bond has no collateral requirements and, as a result, the restriction was released by Great Western Bank. A $150 newly-created restricted certificate of deposit secures the Company’s purchasing card account that currently carries a reduced credit limit of $150. On May 17, 2018, Dlorah and the Company jointly and severally issued to Black Hills Community Bank, N.A. (“Bank”) a promissory note in the principal amount of $8,000 (the “Note”), which is secured by a mortgage granted by Dlorah to Great Western Bank on certain real property located in Pennington County, South Dakota, pursuant to a collateral real estate mortgage (the “Mortgage,” and together with the Note, the “Loan Agreements”) entered into between Dlorah and the Bank on the same date as the Note, and certain related rents, as well as a security interest in certain deposit accounts, to include restricted certificates of deposit totaling $8,100 and $8,000 at May 31, 2019 and 2018, respectively. The Company’s Board of Directors requested the certificates of deposit be restricted, and not available for spending, pending the achievement of budgeted financial targets in the current fiscal year. These certificates of deposit are also restricted by the Bank and are not available for spending. On May 6, 2019, the mortgage and assignment of related rents was released as collateral on the promissory note. The Loan Agreements provide for a $8,000 five-year term loan (the “Loan”). The Loan carries a fixed interest rate of 4% (the “Interest Rate”) and is payable as follows: beginning June 17, 2018, 59 monthly consecutive interest-only payments based on the unpaid principal balance of the Loan at the Interest Rate; beginning May 17, 2019, four consecutive annual principal payments of $800 each, during which interest will continue to accrue on the unpaid principal balance of the Loan at the Interest Rate; and on May 17, 2023, one payment of the principal balance and accrued interest of the Loan in the amount of $4,816. On May 6, 2019, the agreement was revised and now requires three consecutive annual principal payments of $800 each beginning May 17, 2020, with all remaining amounts due on May 17, 2023. The Company and Dlorah may prepay the Loan at any time without penalty unless the Note is refinanced with proceeds derived from another lender, in which case the Bank will be entitled to a prepayment penalty of 1%. The Loan Agreements also contain various affirmative and negative covenants, including financial covenants and events of default. As of May 31, 2019, the Company is in compliance with the covenants included in the Loan Agreements. Proceeds from the Agreements are being used to augment the Company’s cash position to support the Company’s pursuit of growth opportunities. Future maturities are as follows as of May 31, 2019: 2020 $ 800 2021 800 2022 800 2023 5,600 $ 8,000 On May 10, 2019, Dlorah entered into a long-term loan agreement with Center for Excellence in Higher Education, Inc. for $8,500. The loan is secured by a mortgage granted by Dlorah to on certain real property located in Pennington County, South Dakota, pursuant to a collateral real estate mortgage entered into between the parties on the same date as the loan agreement, along with security agreements covering two aircraft, assignment of leases and rents, and a partnership security agreement granting a security interest in the Partnership. The Company paid a non-refundable loan origination fee of $250 upon entering into the agreement. Monthly payments of accrued and unpaid interest are required beginning July 1, 2019, with a final payment of all outstanding principal and interest due on October 15, 2020. The primary purpose of the loan is to provide a source of cash collateral to secure a letter of credit issued by Black Hills Community Bank N.A. for the benefit of the United States Department of Education in the amount of $7,331. The letter of credit was issued on May 10, 2019. It is secured by a restricted certificate of deposit totaling $7,375 (See note 17). At May 31, 2019 and 2018, the restricted cash balance on the balance sheet includes $150 and $250, respectively, held as a certificate of deposit by Great Western Bank to collateralize the Company’s purchasing card; $0 and $1,000, respectively, held as a certificate of deposit for the Great Western Bank letter of credit; $8,100 and $8,000, respectively, held as multiple certificates of deposit for the Black Hills Community Bank N.A. promissory note; and $7,375 and $0, respectively, held as a certificate of deposit for the Black Hills Community Bank N.A. letter of credit.

LEASES

LEASES	12 Months Ended
	May 31, 2019
Leases [Abstract]
LEASES	The University leases building facilities for branch operations and equipment for classroom operations under operating leases with various terms and conditions. Total rent expense for the years ended May 31, 2019 and 2018, was $4,208 and $5,482, respectively, which is included in selling, general, and administrative expenses for continuing operations and in loss from discontinued operations for discontinued operations, on the consolidated statements of operations and comprehensive loss. Future minimum lease payments on non-cancelable operating leases for the future fiscal years ending May 31 are as follows: 2020 $ 3,252 2021 2,607 2022 2,099 2023 1,617 2024 930 Thereafter 1,921 Effective November 1, 2011, the Company entered into a 20-year capital lease arrangement for additional space that houses the corporate headquarters, distance learning operations, and the Rapid City campus operations. The Company is obligated to make future payments under the capital lease obligation, which totaled $16.8 million and $18.0 million as of May 31, 2019 and 2018, respectively; had a net present value of $10.9 million and $11.2 million as of May 31, 2019 and 2018, respectively; and was recognized as current and non-current capital lease payable of $432 and $10,425 at May 31, 2019 and $380 and $10,857 at May 31, 2018, respectively. The asset totals $10,600, and accumulated depreciation totals $4,019 and $3,489 at May 31, 2019 and 2018, respectively. The net amount is included in net property and equipment in the consolidated balance sheets. The following is a schedule of future minimum commitments under the capital lease obligation as of May 31, 2019: 2020 $ 1,207 2021 1,231 2022 1,255 2023 1,280 2024 1,306 Thereafter (through October 2031) 10,530 Total future minimum lease obligation $ 16,809 Less: Imputed interest on capital leases (5,952 ) Net present value of lease obligations 10,857

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	May 31, 2019
Stockholders' Equity Attributable to Parent [Abstract]
STOCKHOLDERS' EQUITY	The authorized capital stock for the Company is 51,100,000 shares, consisting of (i) 50,000,000 shares of common stock, par value $0.0001 and (ii) 1,000,000 shares of preferred stock, par value $0.0001, and (iii) 100,000 shares of class A common stock, par value $0.0001. Of the authorized shares, 24,650,083 and 24,344,122 shares of common stock were outstanding as of May 31, 2019 and 2018, respectively. No shares of preferred stock or Class A common stock were outstanding at May 31, 2019 and 2018. Stock-Based Compensation In December 2009, the Company adopted the 2009 Stock Option and Compensation Plan (the “2009 Plan”), pursuant to which the Company may grant restricted stock awards, restricted stock units and stock options to aid in recruiting and retaining employees, officers, directors and other consultants. Restricted stock awards accrue dividends that are paid when the shares vest. Restricted stock unit awards do not accrue dividends prior to vesting. Grants are issued at prices determined by the compensation committee, generally equal to the closing price of the stock on the date of the grant, vest over various terms (generally two years), and expire ten years from the date of the grant. The 2009 Plan allows vesting based upon performance criteria. Certain option and share awards provide for accelerated vesting if there is a change in control of the Company (as defined by the 2009 Plan). The fair value of stock options granted is calculated using the Black-Scholes option pricing model. Share options issued under the 2009 Plan may be incentive stock options or nonqualified stock options. At May 31, 2019 and 2018, all stock options issued have been nonqualified stock options. A total of 1,300,000 shares were authorized by the 2009 Plan. Shares forfeited or canceled are eligible for reissuance under the 2009 Plan. At May 31, 2019, no shares of common stock remain available under the 2009 Plan. In 2013, the Company adopted the 2013 Restricted Stock Unit Plan (the “2013 Plan”) authorizing the issuance of up to 750,000 shares of the Company’s stock to participants in the 2013 Plan. The 2013 Plan terminated upon the stockholders approval of the 2018 Plan (as defined below) at the Company’s 2018 annual meeting of stockholders held on October 9, 2018. At the Company’s 2018 annual meeting of stockholders, the stockholders also approved the 2018 Stock Option and Compensation Plan (the “2018 Plan”). The 2018 Plan designates 1,800,000 shares of the Company’s common stock to aid the Company in recruiting and retaining employees and to align the interests of employees, officers and directors with those of the Company’s stockholders. The Company may grant restricted stock awards, restricted stock units, stock options, stock appreciation rights, stock awards and other stock-based awards. The 2018 Plan expires ten years from its inception date. At May 31 2019, 1,558,889 shares of common stock remain available for issuance under the 2018 Plan. Restricted stock The fair value of restricted stock awards was calculated using the Company’s stock price as of the associated grant date, and the expense is accrued ratably over the vesting period of the award. During the year ended May 31, 2018, the Company awarded 52,615 restricted stock awards with time-based vesting at a grant date fair value of $2.10 per share to members of the board of directors; 5,000 shares vested on the issuance date, October 3, 2017. The remaining 47,615 shares vested one year from grant date. During the year ended May 31, 2019, the Company awarded 113,635 restricted stock awards with time-based vesting at a grant date fair value of $0.88 per share to members of the board of directors. These shares vest one year from the October 9, 2018 grant date and require board service for the entire year. Compensation expense associated with restricted stock awards totaled $98, $112, and $91 for the years ended May 31, 2019 and 2018, respectively. At May 31, 2019, unamortized compensation cost of restricted stock awards totaled $36. The unamortized cost is expected to be recognized over a weighted-average period of 0.4 years as of May 31, 2019. A summary of restricted share awards activity as of May 31, 2019 and 2018, and the changes during the years then ended is presented below: Restricted Shares Shares Weighted Average Grant Date Fair Value Non-vested shares at May 31, 2017 46,945 $ 1.96 Granted 52,615 2.1 Vested -51,945 1.97 Forfeited 0 0 Non-vested shares at May 31, 2018 47,615 $ 2.10 Granted 113,635 0.88 Vested -47,615 2.1 Forfeited 0 0 Non-vested shares at May 31, 2019 113,635 $ 0.88 Unrestricted stock Unrestricted stock is issued to certain employees in settlement of a portion of their salaries and bonuses. Compensation expense in the consolidated statement of activities and comprehensive loss associated with these unrestricted stock issuances totaled $70, and $121, for the years ended May 31, 2019 and 2018, respectively. Stock options The Company accounts for stock option-based compensation by estimating the fair value of options granted using a Black-Scholes option valuation model. The Company recognizes the expense for grants of stock options on a straight-line basis in the consolidated statements of operations and comprehensive loss as selling, general and administrative expense based on their fair value over the requisite service period. For stock options issued during the years ended May 31, 2019 and 2018, the following assumptions were used to determine fair value: Assumptions used: 2019 2018 Expected term (in years) 5.75 5.75 Weighted average expected volatility 74.01 % 48.75 % Expected volatility range 57.06-86.3 % 48.15-49.14 % Weighted average risk-free interest rate 2.85 % 2.29 % Risk-free interest rate range 2.41-3.84 % 2.11-2.57 % Weighted average expected divident 0.00 % 0.00 % Expected dividend range 0.00-0.00 % 0.00-0.00 % Weighted average fair value per share $ 0.184 $ 0.720 Expected volatilities are based on historic volatilities from the Company’s traded shares. The expected term of options granted follows the plain vanilla method The risk-free interest rate for periods matching the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Expected dividend is based on the historic dividend of the Company. A summary of option activity under the Plan as of May 31, 2019 and 2018, and changes during the years then ended is presented below: Stock Options Shares Weighted average exercise price Weighted average remaining contractual life (in years) Aggregate intrinsic value Outstanding at May 31, 2018 193,350 $ 3.54 6.9 $ - Exercisable at May 31, 2018 189,350 $ 3.59 6.9 $ - Outstanding at May 31, 2019 162,204 $ 2.87 6.7 $ 0.6 Exercisable at May 31, 2019 132,203 $ 3.51 6.0 $ - The Company recorded compensation expense for stock options of $3 and $12, for the years ended May 31, 2019 and 2018, respectively, in the consolidated statements of operations and comprehensive loss. As of May 31, 2019, there is unrecognized compensation cost of $1 related to unvested stock option-based compensation arrangements granted under the Plan. The unamortized cost is expected to be recognized over a weighted-average period of 1.7 years as of May 31, 2019. The Company plans to issue new shares as settlement of options exercised. There were no options exercised during the years ended May 31, 2019 or 2018, respectively. Dividends The following table presents details of the Company’s fiscal year 2018 dividend payment: Date declared Record date Payment date Per share August 4, 2017 September 30, 2017 October 6, 2017 $ 0.0450 No dividend was declared in fiscal year 2019.

EMPLOYEE COMPENSATION PLANS

EMPLOYEE COMPENSATION PLANS	12 Months Ended
	May 31, 2019
Retirement Benefits [Abstract]
EMPLOYEE COMPENSATION PLANS	Employee Benefit Plan Payable Compensation Plans

SELF-INSURED HEALTH INSURANCE

SELF-INSURED HEALTH INSURANCE	12 Months Ended
	May 31, 2019
Insurance [Abstract]
SELF-INSURED HEALTH INSURANCE	The Company maintains a self-insured health insurance plan for employees. Under this plan, the Company pays a monthly fee to its administrator, as well as claims submitted by its participants. As there generally is a lag between the time a claim is incurred by a participant and the time the claim is submitted, the Company has recorded a liability for outstanding claims of $265 and $375 at May 31, 2019 and 2018, respectively. Such liability is reported with accrued and other liabilities in the consolidated balance sheets.

INCOME TAXES

INCOME TAXES	12 Months Ended
	May 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	Components of the provision for income taxes for the years ended May 31, 2019 and 2018, were as follows: 2019 2018 Current tax expense (benefit) Federal $ - $ (96 ) State 31 18 31 (78 ) Deferred tax expense (benefit) Federal - (181 ) State - (12 ) - (193 ) Total tax expense (benefit) $ 31 $ (271 ) The effective tax rate varies from the statutory federal income tax rate for the following reasons: 2019 2018 Statutory -21.0% -29.2% Tax effect of U.S. tax reform 0.0% 17.3% State income taxes - net of federal benefit 0.1% 0.0% Deferred tax valuation allowance 20.8% 10.6% Permanent differences and other 0.2% -0.9% Effective income tax rate 0.1% -2.2% Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred assets (liabilities) as of May 31 were as follows: 2019 2018 Deferred income tax assets: Account receivable allowances $ 107 $ 165 Bad debt write-offs 567 793 Other 93 73 Revenue recognition 57 - Accrued salaries 220 360 Start up costs 104 123 Capital lease obligations 2,660 2,753 Net operating loss carryforwards - expires 2021-2037 6,602 3,071 Deferred rent 2,106 867 Total deferred income tax assets 12,516 8,205 Valuation allowance (9,664 ) (3,444 ) Net deferred income tax assets 2,852 4,761 Deferred income tax liabilities: Fixed assets and course development (2,655 ) (4,406 ) Prepaid expenses (197 ) (355 ) Other - - Total deferred income tax liabilities (2,852 ) (4,761 ) Net deferred income tax assets (liabilities) $ - $ - As of May 31, 2019, the Company had net operating loss (“NOL”) carryforwards of approximately $27 million federal and $16 million state. As of May 31, 2018, the Company had NOL carryforwards of approximately $12 million federal and $10 million state. The federal NOL carryforwards have no expiration. The change in the valuation allowance for deferred tax assets for the years ended May 31, 2019 and 2018 was $6.2 million and $2.2 million, respectively. In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not that the deferred tax assets would not be realized as of May 31, 2019 and 2018, and recorded a full valuation allowance. The Tax Cuts and Jobs Act of 2017 was signed into law on December 22, 2017. The law includes significant changes to the U.S. corporate income tax system, including a Federal corporate rate reduction from 35% to 21%. The accounting for these changes has been completed. The Company has recorded an income tax expense of $1,125 due to a re-measurement of deferred tax assets and liabilities; however, this has been offset by the valuation allowance noted above. The Company follows the guidance of ASC Topic 740, Income Taxes Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109, The Company files income tax returns in the U.S. federal jurisdiction and various states. The Company is generally no longer subject to U.S. federal income tax or state and local tax examinations for years before 2016.

EARNINGS (LOSSES) PER SHARE

EARNINGS (LOSSES) PER SHARE	12 Months Ended
	May 31, 2019
Basic net loss attributable to National American University Holdings, Inc.
EARNINGS (LOSSES) PER SHARE	Basic earnings per share (“EPS”) is computed by dividing net income attributable to the Company by the weighted average number of shares of common stock outstanding during the applicable period. Diluted earnings per share reflect the potential dilution that could occur assuming vesting, conversion or exercise of all dilutive unexercised options and restricted stock. The following is a reconciliation of the numerator and denominator for the basic and diluted EPS computations: For the year ended May 31, 2019 2018 Numerator: Net loss for Continuing Operations attributable to National American University Holdings, Inc. $ (7,152) $ (10,949) Net loss for Discontinued Operations attributable to National American University Holdings, Inc. $ (17,893) $ (1,162) Denominator: Weighted average shares outstanding used to compute basic net income per common share 24,421,461 24,239,888 Incremental shares issuable upon the assumed exercise of stock options - - Incremental shares issuable upon the assumed vesting of restricted shares - - Common shares used to compute diluted net income per share $ 24,421,461 $ 24,239,888 Basic net loss per common share - Continuing Operations $ (0.29) $ (0.45) Diluted net loss per common share - Continuing Operations $ (0.29) $ (0.45) Basic net loss per common share - Discontinued Operations $ (0.73) $ (0.05) Diluted net loss per common share - Discontinued Operations $ (0.73) $ (0.05) A total of 162,204 and 189,350 shares of common stock subject to issuance upon exercise of stock options for the year ended May 31, 2019 and 2018, respectively, have been excluded from the calculation of diluted EPS as the effect would have been anti-dilutive. A total of 113,635 and 99,560 shares of common stock subject to issuance upon vesting of restricted shares for year ended May 31, 2019 and 2018, respectively, have been excluded from the calculation of diluted EPS as the effect would have been anti-dilutive.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	May 31, 2019
Regulated Operations [Abstract]
REGULATORY MATTERS	The University extends unsecured credit to a portion of the students who are enrolled throughout the campuses for tuition and other educational costs. A substantial portion of credit extended to students is repaid through the students’ participation in various federal financial aid programs authorized by Title IV Higher Education Act of 1965, as amended (the “Higher Education Act” or “HEA”). The University is required under 34 CFR 600.5(d) to maintain at least 10% of its revenues (calculated on a cash basis) from non-Title IV program funds, commonly referred to as the “90/10 Rule”. An institution is subject to loss of eligibility to participate in Title IV programs if it fails to meet the 10% threshold for two consecutive fiscal years. If the University were to violate the 90/10 Rule, it would become ineligible to participate in Title IV programs as of the first day of the fiscal year following the second consecutive fiscal year in which we exceeded the 90% Title IV program funds threshold and would be unable to regain eligibility for two fiscal years thereafter. The University believes it is in compliance with this requirement for the fiscal years ended May 31, 2019 and 2018, as shown in the underlying calculation: 2019 2018 Title IV HEA $ 39,555 = 78.21% $ 62,444 = 82.06% Academic revenue $ 50,578 $ 76,097 To participate in Title IV Programs, a school must be authorized to offer its programs of instruction by relevant state education agencies, be accredited by an accrediting commission recognized by the U.S. Department of Education (the “Department”), and be certified as an eligible institution by the Department. For this reason, educational institutions are subject to extensive regulatory requirements imposed by all of these entities. After an educational institution receives the required certifications by the appropriate entities, the educational institution must demonstrate compliance with the Department’s regulations pertaining to Title IV Programs on an ongoing basis. Included in these regulations is the requirement that the Company must satisfy specific standards of financial responsibility. Financial Responsibility Composite Score The Department of Education evaluates educational institutions for compliance with these standards each year, based upon an educational institution’s annual audited financial statements, as well as following any changes in ownership. Department regulations specify that an eligible institution of higher education must satisfy specific measures of financial responsibility prescribed by the Department, or post a letter of credit in favor of the Department and accept other conditions on its participation in Title IV programs. Pursuant to the Title IV program regulations, each eligible institution must satisfy a measure of financial responsibility that is based on a weighted average of the following three annual ratios which assess the financial condition of the institution: ● Primary Reserve Ratio – measure of an institution’s financial viability and liquidity; ● Equity Ratio – measure of an institution’s capital resources and its ability to borrow; and ● Net Income Ratio – measure of an institution’s profitability. These ratios provide three individual scores which are converted into a single composite score. The maximum composite score is 3.0. If an institution’s composite score is at least 1.5, it is considered financially responsible. If an institution’s composite score is less than 1.5 but is 1.0 or higher, it is still considered financially responsible, and the institution may continue to participate as a financially responsible institution for up to three years under the Department’s “zone” alternative. Under the zone alternative, the Department may require an institution to comply with various additional operating, monitoring or other requirements, agree to receive Title IV program funds under an arrangement other than the Department of Education’s standard advance funding arrangement, such as the reimbursement method of payment or heightened cash monitoring, or comply with or accept other limitations on the institution’s ability to increase the number of programs it offers or the number of students it enrolls. If an institution does not achieve a composite score of at least 1.0, it is subject to additional requirements in order to continue its participation in the Title IV programs, including submitting to the Department a letter of credit in an amount equal to at least ten percent, and at the Department’s discretion up to 50%, of the Title IV funds received by the institution during its most recently completed fiscal year, and being placed on provisional certification status, under which the institution must receive Department approval before implementing new locations or educational programs and comply with other restrictions, including reduced due process rights in subsequent proceedings before the Department. In addition, under regulations that took effect on July 1, 2016, institutions placed on either the heightened cash monitoring payment method or the reimbursement payment method must pay Title IV credit balances to students or parents before requesting Title IV funds from the Department and may not hold Title IV credit balances on behalf of students or parents, even if such balances are expected to be applied to future tuition payments. Additionally, as part of the 2016 Borrower Defense Final Rule, the Department of Education revised its general standards of financial responsibility to include various actions and events that would require institutions to provide the Department of Education with irrevocable letters of credit. On March 8, 2019, NAU received a letter from the Department of Education which noted several financial matters described in the footnotes to our audited financial statements for the fiscal year ended May 31, 2018 and our Form 10-Q filed with the Securities and Exchange Commission on January 22, 2019, and the Company’s delisting from Nasdaq Global Market and transfer of shares to the OTCQB Market, and determined that NAU did not meet its financial responsibility standards for institutions that participate in Title IV programs. As a result, the Department of Education’s letter of March 8, 2019 imposed additional reporting requirements on NAU with respect to its financial condition including bi-weekly cash balance submissions and monthly submissions of actual and projected cash flow statements, and notification requirements regarding certain enumerated events should they occur in the future; required NAU to process Title IV program funds under the Heightened Cash Monitoring Type 111 method of payment; and informed NAU that it could continue to participate in Title IV programs by either (1) posting a letter of credit to the Department of Education in the amount of $36,653, representing 50% of the Title IV program funds awarded during the Company’s fiscal year ended May 31, 2018, or (2) posting a letter of credit to the Department of Education in the amount of $10,996, representing 15% of the Title IV program funds awarded during the Company’s fiscal year ended May 31, 2018, accompanied by the provisional form of certification to participate in the Title IV programs. On March 22, 2019, we submitted a request to the Department of Education for reconsideration of its imposition of the letter of credit, as well as the amount and timing for any required letter of credit. In response to our request, the Department of Education provided two additional options for a letter of credit accompanied by provisional certification: (1) posting of an irrevocable letter of credit in the amount of $7,331, representing 10% of Title IV program funds for its fiscal year ended May 31, 2018, or (2) placement on the Heightened Cash Monitoring Type 2 payment method, with a percentage of each payment withheld until an account equal to the required letter of credit amount can be funded. On April 30, 2019, the Company responded to the Department’s letter and selected the posting of an irrevocable letter of credit in the amount of $7,331 for the benefit of the Department. The letter of credit was issued on May 10, 2019. Our audited financial statements for the fiscal year ended May 31, 2019 indicate our most recent composite score is 1.1. This score is subject to a final determination by the Department of Education once it receives and reviews our consolidated audited financial statements for the 2019 fiscal year. We believe it is likely that the Department of Education will determine that our institutions are “in the zone” and that we will be required to continue operating under the requirements imposed by the March 8, 2019 letter, including the letter of credit issued to the Department of Education on May 10, 2019, as well as any other requirements that the Department of Education might impose in its discretion. If we are unable to meet the minimum composite score or to comply with the other standards of financial responsibility, and could not post a required letter of credit or comply with the alternative bases for establishing financial responsibility, then our students could lose their access to Title IV program funding. Finally, to remain eligible to participate in Title IV programs, an educational institution’s student loan cohort default rates must remain below certain specified levels. An educational institution loses eligibility to participate in Title IV programs if its cohort default rate equals or exceeds 40% for any given year or 30% for three consecutive years. Our official cohort default rates for federal fiscal years 2015 and 2014 are 23.7% and 24.1%, respectively. Our draft cohort rate for federal fiscal year 2016 is 20.1%.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	May 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	From time to time, the Company is a party to various claims, lawsuits or other proceedings relating to the conduct of its business. Although the outcome of litigation cannot be predicted with certainty and some claims, lawsuits or other proceedings may be disposed of unfavorably, management believes, based on facts presently known, that the outcome of such legal proceedings and claims, lawsuits or other proceedings will not have a material effect on the Company’s consolidated financial position, cash flows or future results of operations. In April 2017, a former NAU employee filed a qui tam suit against NAU, NAUH, and Dlorah, Inc., alleging certain violations of the Higher Education Act and Title IV program requirements, including alleged misrepresentations to a programmatic accrediting agency, alleged miscalculating its percentage of revenues derived from Title IV program funds under the 90/10 Rule, and alleged noncompliance with the incentive compensation prohibition. The U.S. government decided to not intervene in the lawsuit at that time, and the complaint was then unsealed by the court in January 2018, with an amended complaint being filed on April 24, 2018. The U.S. government reserved the right to intervene at a later time. The case is styled U.S. ex rel. Brian Gravely v. National American University, et al., No. 5:17-cv-05032-JLV, and remains pending in the U.S. District Court for the District of South Dakota. NAU, NAUH, and Dlorah, Inc., have filed an answer to the amended complaint, deny any legal wrongdoing or liability. We cannot predict the outcome of this litigation, nor its ability to harm our reputation, impose litigation costs, or materially adversely affect our business, financial condition, and results of operations. The amount or range of reasonably possible losses cannot be reasonably estimated and, accordingly, no liability has been accrued for this matter. The University leases building facilities for branch operations under operating leases with various terms and conditions. As it implements the strategic and operational shift from ground locations to online programs, it has discontinued operations at several of these leased facilities. While the University is communicating with the lessors of these facilities, certain lessors have commenced litigation related to the lease agreements. We cannot predict the outcome of this litigation, nor whether these actions will materially adversely affect our business or financial condition. The amount or range of reasonably possible losses cannot be reasonably estimated and, accordingly, no liability has been accrued for these matters.

BUSINESS ACQUISITION AND INTANG

BUSINESS ACQUISITION AND INTANGIBLE ASSETS	12 Months Ended
	May 31, 2019
Business Combinations [Abstract]
BUSINESS ACQUISITION AND INTANGIBLE ASSETS	On March 21, 2018, the Company acquired substantially all of the assets of Henley-Putnam University (“HPU”), a for profit postsecondary educational institution that offers 100% online programs focused in the field of strategic security, for a cash payment of $1,933. Excluded from the transaction are real estate leases, server and certain other technology and equipment, and related items. The results of HPU’s operations have been included in the consolidated statements of operations and comprehensive loss since March 21, 2018. HPU’s service areas complement the Company’s current educational offerings and locations. Within the last five years, HPU has invested in the expansion of its curriculum, programs, and student services, as well as cultivating its relationship with parts of the armed forces. Because the institution elected not to pursue Title IV eligibility, its ability to recruit students and support is efforts was limited. Upon review of HPU’s programs and operations, the Company found that acquiring HPU was in alignment with its strategic initiative to expand academic offerings and support services to the Company’s armed forces student population; approximately 25% of the University’s student population are active-duty service members, veterans, or dependents of active-duty service members or veterans. The total purchase price was allocated to the fair values of the assets acquired and the liabilities assumed as follows: Cash equivalents $ 664 Student receivables - net 157 Prepaid and other current assets 17 Course Development 1,067 Goodwill 363 Other intangibles 229 Accounts payable (63 ) Deferred income (272 ) Accrued and other liabilities (229 ) Total fair value of net assets acquired 1,933 Less cash acquired (664 ) Total consideration for acquisition, less cash acquired $ 1,269 Course development costs are being amortized on a straight-line basis over five years. Goodwill is calculated as the excess of the purchase price paid over the net assets recognized. The goodwill recorded as part of the acquisition primarily reflects the assembled workforce and a proven ability to generate new products and services to drive future revenue. The purchased intangible assets consist of student relationships and the Henley-Putnam brand name. These assets are being amortized on a straight-line basis over four and five years, respectively. Net intangible assets consist of the following at May 31: Accumulated Net Carrying Cost Amortization Amount 2019 Student relationships $ 157 $ (47 ) $ 110 Brand name 72 (17 ) 55 $ 229 $ (64 ) $ 165 2018 Student relationships $ 157 $ (18 ) $ 139 Brand name 72 (4 ) 68 $ 229 $ (22 ) $ 207 Future amortization expense is as follows as of May 31, 2019: FY 2020 $ 54 FY 2021 54 FY 2022 34 FY 2023 23 $ 165

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	May 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Following is a description of each category in the fair value hierarchy and the financial assets and liabilities of the Company that are included in each category at May 31, 2019 and 2018: Level 1 Level 2 – ● Determining which instruments are most similar to the instrument being priced requires management to identify a sample of similar securities based on the coupon rates, maturity, issuer, credit rating and instrument type, and subjectively selecting an individual security or multiple securities that are deemed most similar to the security being priced; and ● Determining whether a market is considered active requires management judgment. Level 3 – The following table summarizes certain information for assets and liabilities measured at fair value on a recurring basis: Quoted prices in active markets (level 1) Other observable inputs (level 2) Unobservable inputs (level 3) Fair value May 31, 2019 Investments: Restricted certificates of deposit $ - $ 15,625 $ - $ 15,625 Total assets at fair value $ - $ 15,625 $ - $ 15,625 May 31, 2018 Investments: Restricted certificates of deposit $ - $ 9,250 $ - $ 9,250 Total assets at fair value $ - $ 9,250 $ - $ 9,250 Following is a summary of the valuation techniques for assets and liabilities recorded in the consolidated balance sheets at fair value on a recurring basis: Certificates of deposit (“CDs”): Fair value of financial instruments:

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	May 31, 2019
Segment Reporting [Abstract]
SEGMENT REPORTING	Operating segments are defined as business areas or lines of an enterprise about which financial information is available and evaluated on a regular basis by the chief operating decision maker, or decision-making groups, in deciding how to allocate capital and other resources to such lines of business. The Company has two reportable segments: NAU and Other. The NAU segment contains the revenues and expenses associated with the University operations. The Other segment contains primarily real estate. General administrative costs of the Company are allocated to specific divisions of the Company. The following table presents the reportable segment financial information, in thousands: Fiscal Year Ended May 31, Fiscal Year Ended May 31, 2019 2018 NAU Other Consolidated NAU Other Consolidated Revenue: Academic $ 33,232 $ - $ 33,232 $ 26,692 $ - $ 26,692 Auxiliary 1,798 - 1,798 1,858 - 1,858 Rental income apartments - 1,386 1,386 - 1,404 1,404 Condominium sales - 646 646 - 817 817 Other real estate income - 203 203 - 193 193 Total revenue 35,030 2,235 37,265 28,550 2,414 30,964 Operating expenses: Cost of educational services 11,208 - 11,208 9,105 - 9,105 Selling, general & administrative 28,045 2,213 30,258 28,640 1,890 30,530 Auxiliary expense 1,169 - 1,169 1,238 - 1,238 Cost of condominium sales - 507 507 - 709 709 Loss on course development impairment - - - 286 - 286 Loss on impairment and disposition of property 869 145 1,014 370 8 378 Total operating expenses 41,291 2,865 44,156 39,639 2,607 42,246 Operating Loss (6,261) (630) (6,891) (11,089) (193) (11,282) Other income (expense): Interest income 36 100 136 65 11 76 Interest expense (801) (490) (1,291) (833) (13) (846) Other expense - net (17) - (17) (72) - (72) Total other expense (782) (390) (1,172) (840) (2) (842) Loss from continuing operations before income taxes $ (7,043) $ (1,020) $ (8,063) $ (11,929) $ (195) $ (12,124) Loss from discontinued operations before income taxes (16,951) - (16,951) (219) - (219) Loss before income taxes (23,994) (1,020) (25,014) (12,148) (195) (12,343) As of and for Year Ended May 31, 2019 As of and for Year Ended May 31, 2018 NAU Other Consolidated NAU Other Consolidated Total assets $ 26,647 $ 11,398 $ 38,045 $ 35,363 $ 13,444 $ 48,807 Expenditures for long-lived assets $ 114 $ 681 $ 795 $ 1,016 $ 749 $ 1,765 Depreciation and amortization $ 2,675 $ 624 $ 3,299 $ 3,965 $ 677 $ 4,642 Note: Includes assets from discontinued operations of $323 and $8,656 and liabilities of $11,247 and $5,978 as of 05/31/19 and 05/31/18 respectively.

SUMMARIZED QUARTERLY FINANCIAL

SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	May 31, 2019
Quarterly Financial Information Disclosure [Abstract]
SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED)	The following table sets forth selected unaudited quarterly financial information for the last eight quarters. Quarter First Second Third Fourth Fiscal Year Ended May 31, 2019 Revenue $ 9,093 $ 9,239 $ 9,649 $ 9,284 Operating expenses 11,325 11,244 11,167 10,420 Operating loss (2,232) (2,005) (1,518) (1,136) Other expense (259) (343) (259) (311) Loss from Continuing Operations before Income Taxes (2,491) (2,348) (1,777) (1,447) Income Tax (Expense) Benefit - - - (31) Net loss from continuing operations (2,491) (2,348) (1,777) (1,478) Net loss from discontinued operations (2,446) (8,949) (2,773) (2,783) Net Loss (4,937) (11,297) (4,550) (4,261) Net loss attributable to Non-Controlling Interest - - - (48) Unrealized losses on investments, net of tax benefit - Comprehensive loss attributable to National American University Holdings, Inc. $ (4,937) $ (11,297) $ (4,550) $ (4,309) Basic and Diluted net loss attributable to National American University Holdings, Inc.: Continuing Operations $ (0.10) $ (0.10) $ (0.07) $ (0.06) Discontinued Operations $ (0.10) $ (0.37) $ (0.11) $ (0.11) Net income per share - basic and diluted $ (0.20) $ (0.46) $ (0.19) $ (0.17) Basic and diluted weighted average shares outstanding 24,298,761 24,389,841 24,465,124 24,574,556 Fiscal Year Ended May 31, 2018 Revenue $ 6,740 $ 7,189 $ 7,303 $ 9,732 Operating expenses 9,317 9,670 9,754 13,505 Operating loss (2,577) (2,481) (2,451) (3,773) Other expense 96 (192) (106) (640) Loss from Continuing Operations before Income Taxes (2,481) (2,673) (2,557) (4,413) Income Tax (Expense) Benefit - - - 271 Net loss from continuing operations (2,481) (2,673) (2,557) (4,142) Loss from Discontinued Operations before Income Taxes (1,333) (1,099) (1,134) 3,347 Income Tax (Expense) Benefit from Discontinued Operations - - - (39) Net loss from discontinued operations (1,333) (1,099) (1,134) 3,308 Net Loss (3,814) (3,772) (3,691) (834) Net loss attributable to Non-Controlling Interest - - - (50) Unrealized losses on investments, net of tax benefit 4 Comprehensive loss attributable to National American University Holdings, Inc. $ (3,814) $ (3,772) $ (3,691) $ (880) Basic and Diluted net loss attributable to National American University Holdings, Inc.: Continuing Operations $ (0.10) $ (0.11) $ (0.11) $ (0.17) Discontinued Operations $ (0.06) $ (0.05) $ (0.05) $ 0.14 Net income per share - basic and diluted $ (0.16) $ (0.16) $ (0.16) $ (0.03) Basic and diluted weighted average shares outstanding 24,181,440 24,219,884 24,269,158 24,290,404

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	May 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENT	Park West Condo Sale On September 12, 2019, the Company sold the Park West Condominium to Park West LLC, a South Dakota limited liability company, owned by the majority shareholder, the Chairman of the Board, and CEO of the Company, for a purchase price of $3 million. The Company received the cash payment before the financial statements were issued.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	May 31, 2019
Accounting Policies [Abstract]
Cash and Cash Equivalents	The Company considers all highly liquid debt instruments with original maturities of three months or less to be cash equivalents. Cash is held in bank accounts that periodically exceed insured limits; however, no losses have occurred, and the Company does not believe the risk of loss is significant.
Investments	The Company’s investments consist of certificates of deposit, certain of which are brokered and classified as “available-for-sale.” Available-for-sale securities represent securities carried at fair value in the consolidated balance sheets. Certain of the Company’s investments have maturity dates greater than one year. However, these certificates of deposit can be accessed at any time and are convertible to cash on demand. Unrealized gains and losses deemed to be temporary are reported net of taxes and included in other comprehensive income within stockholders’ equity. Realized gains and losses and declines in value deemed to be other-than-temporary on available-for-sale securities are included in other expense– net in the consolidated statements of operations and comprehensive loss. Fair value of the securities is based upon quoted market prices in active markets or estimated fair value when quoted market prices are not available. The cost basis for realized gains and losses on available-for-sale securities is determined on a specific identification basis. Proceeds from available for sale investments totaled $0, and $4,668 for the years ended May 31, 2019 and 2018, respectively. The Company’s investments were comprised of the following at May 31: 2019 2018 Gross Gross Gross Gross Gross Unrealized Unrealized Unrealized Unrealized Amortized Holding Holding Fair Amortized Holding Holding Fair Cost Gains Losses Value Cost Gains Losses Value Restricted Certificates of deposit $ 15,625 $ - $ - $ 15,625 $ 9,250 $ - $ - $ 9,250 Declines in the fair value of individual securities classified as available-for-sale below their amortized cost that are determined to be other than temporary result in write-downs of the individual securities to their fair value, with the resulting write-downs included in current earnings as realized losses. Unrealized losses that may occur are generally due to changes in interest rates and, as such, are considered by the Company to be temporary. Management evaluates securities for other-than-temporary impairment on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investments in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The Company had no impairments during the years ended May 31, 2019 and 2018.
Student Receivables	Student receivables are recorded at estimated net realizable value and are revised periodically based on estimated future collections. Interest and service charges are applied to all past due student receivables; however, collections are first applied to principal balances until such time that the entire principal balance has been received. Student accounts are charged off only when reasonable collection means are exhausted. Bad debt expense is included in selling, general and administrative cost on the consolidated statements of operations and comprehensive loss.
Other Receivables	Other receivables consist primarily of financial aid amounts due from the federal government, and the current portion of institutional receivables, which are amounts due from students and are stated at net realizable value. Long-term portion of these institutional receivables are included in other assets.
Property and Equipment	Property and equipment are stated at cost. Renewals and improvements exceeding five hundred dollars with an expected life of greater than one year are capitalized, while repairs and maintenance are expensed when incurred. Upon the retirement, sale or disposition of assets, costs and related accumulated depreciation are eliminated from the accounts and any gain or loss is reflected in loss on impairment and disposition of property. For financial statement purposes, depreciation includes the depreciation of the capital lease asset in the amount of $530 for each of the fiscal years 2019 and 2018. The depreciation expense for property and equipment was $2,789 and $4,309 for the fiscal years 2019 and 2018, respectively. Depreciation is computed using the straight-line method over the following estimated useful lives: Years Buildings and building improvements 19-40 Land improvements 10-20 Furniture, vehicles, and equipment 5-15 For tax purposes, depreciation is computed using the straight-line and accelerated methods. Property and equipment — net consists of the following as of May 31: 2019 2018 Land $ 211 $ 211 Land improvements $ 1,018 $ 691 Construction in progress $ - $ 945 Building under capital lease $ 10,600 $ 10,600 Buildings and building improvements $ 10,257 $ 23,871 Furniture, vehicles, and equipment $ 13,429 $ 27,435 Total gross property and equipment $ 35,515 $ 63,753 Less capital lease accumulated depreciation $ (4,019 ) $ (3,489 ) Less other accumulated depreciation $ (15,620 ) $ (35,036 ) Total net property and equipment $ 15,876 $ 25,228
Condominium Inventory	Condominium inventory is stated at cost (including capitalized interest). Condominium construction costs are accumulated on a specific identification basis. Under the specific identification basis, cost of revenues includes all applicable land acquisition, land development and specific construction costs (including direct and indirect costs) of each condominium paid to third parties. Land acquisition, land development and condominium construction costs do not include employee related benefit costs. The specific construction and allocated land costs of each condominium, including models, are included in direct construction. Allocated land acquisition and development costs are estimated based on the total costs expected in a project. Direct construction also includes amounts paid through the closing date of the condominium for construction materials and contractor costs. Should any condominium be leased while awaiting sale, the accumulated depreciation is a reduction of the carrying value. Condominium inventory is recorded as a long term asset due to the normal operating cycle being greater than one year.
Capitalized Course Development Costs	The University internally develops curriculum and electronic instructional materials for certain courses. The curriculum is primarily developed by employees and contractors. The curriculum is integral to the learning system. Customers do not acquire the curriculum or future rights to it. The Company capitalizes course development costs. Costs that qualify for capitalization are external direct costs, payroll, and payroll-related costs. Costs related to general and administrative functions are not capitalizable and are expensed as incurred. Capitalization ends at such time that the course and/or material is available for general use by faculty and students. After becoming available for general use, the costs are amortized on a course-by-course basis over a period of three to five years. After the amortization period commences, the cost of maintenance and support is expensed as incurred, because it does not provide future benefit. If it is determined that the curriculum will not be used, the capitalized curriculum costs are written off and expensed in the period of this determination. The amortization of capitalized course development costs was $455 and $311 for the fiscal years 2019 and 2018, respectively.
Goodwill and Other Intangible Assets	Goodwill represents the excess of the acquisition cost over the fair value of the net assets acquired and is not subject to amortization. Other identified intangible assets are amortized over their estimated useful lives of four to five years. Goodwill and other intangible assets are evaluated annually for impairment or when events or circumstances indicate potential impairment.
Impairment of Long-Lived Assets	Long-lived assets are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. For assets that are held and used, impairment exists when the estimated undiscounted cash flows associated with the asset or group of assets is less than carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying and fair value. Fair values are determined based on quoted market values, discounted cash flows, or internal and external appraisals, as applicable. All impairment charges are recorded within loss on impairment and disposition of property and equipment and as a component of net loss from discontinued operations, in the consolidated financial statements.
Deferred Income Taxes	Deferred income taxes are provided using the asset and liability method whereby deferred tax assets and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. We recognize a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion, or all, of a deferred tax asset will not be realized.
Non-Controlling Interest	The non-controlling interest presented on the consolidated statements of operations and comprehensive loss represents the individual owners’ share of the Partnership’s income or loss. The consolidated balance sheet amount “Non-controlling interest” represents the individual owners’ share of the Partnership obligations in excess of Partnership assets or vice versa. The Company has determined the non-controlling owners have a legal obligation to fund such deficits and believes it is fully collectable at May 31, 2019.
Leases	Leases are evaluated and classified as either operating or capital leases. Leased property and equipment meeting certain criteria would be capitalized, and the present value of the related lease payments is recognized as a liability on the consolidated balance sheets. Amortization of capitalized leased assets is computed on the straight-line method over the term of the lease or the life of the related assets, whichever is shorter. Leasehold improvements are depreciated over the depreciable lives of the corresponding fixed asset or the related lease term, whichever is shorter.
Rental Expense	The University accounts for rent expense under its long-term operating leases using the straight-line method. Certain of the University’s operating leases contain rent escalator provisions. Accordingly, a current deferred rent and tenant improvement liability of $92 and $850 at May 31, 2019 and 2018, respectively, a long term accrued rent liability of $189 and $1,020 at May 31, 2019 and 2018, respectively, and a long term accrued tenant improvement liability of $206 and $1,668 at May 31, 2019 and 2018, respectively, are recorded in accrued and other liabilities, other long-term liabilities, and long-term liabilities of discontinued operations on the consolidated balance sheets.
Advertising	The University follows the policy of expensing the cost of advertising as incurred. Advertising costs of approximately $3,586 and $8,707 for 2019 and 2018, respectively, are included in selling, general, and administrative expenses on the consolidated statements of operations and comprehensive loss.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	May 31, 2019
Accounting Policies [Abstract]
Investments	2019 2018 Gross Gross Gross Gross Gross Unrealized Unrealized Unrealized Unrealized Amortized Holding Holding Fair Amortized Holding Holding Fair Cost Gains Losses Value Cost Gains Losses Value Restricted Certificates of deposit $ 15,625 $ - $ - $ 15,625 $ 9,250 $ - $ - $ 9,250
Property Plant and Equipment Useful Life	Years Buildings and building improvements 19-40 Land improvements 10-20 Furniture, vehicles, and equipment 5-15
Components of Property, Plant and Equipment, Net	2019 2018 Land $ 211 $ 211 Land improvements $ 1,018 $ 691 Construction in progress $ - $ 945 Building under capital lease $ 10,600 $ 10,600 Buildings and building improvements $ 10,257 $ 23,871 Furniture, vehicles, and equipment $ 13,429 $ 27,435 Total gross property and equipment $ 35,515 $ 63,753 Less capital lease accumulated depreciation $ (4,019 ) $ (3,489 ) Less other accumulated depreciation $ (15,620 ) $ (35,036 ) Total net property and equipment $ 15,876 $ 25,228

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	May 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	Year ended May 31, 2019 Year ended May 31, 2018 Academic revenue 33,232 26,692 Auxiliary revenue 1,798 1,858 Real Estate revenue 2,235 2,414 Consolidated revenue $ 37,265 $ 30,964
Timing of revenue recognition	Year ended May 31, 2019 Year ended May 31, 2018 Services transferred over time: Academic revenue (transferred over academic term) 33,232 26,692 Rental income (transferred over rental period) 1,386 1,404 $ 34,618 $ 28,096 Services transferred at a point in time: Auxiliary revenue 1,798 1,858 Other real estate income 203 193 Condominium sales 646 817 $ 2,647 $ 2,868 Total revenue $ 37,265 $ 30,964

STUDENT RECEIVABLES, NET (Table

STUDENT RECEIVABLES, NET (Tables)	12 Months Ended
	May 31, 2019
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Schedule of Student Receivables	May 31, 2019 May 31, 2018 Student accounts receivable 866 1,703 Less allowance for doubtful accounts (251) (301) Student receivables, net $ 615 $ 1,402

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	May 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Summary of Discontinued Operations	The following table presents the aggregate carrying amounts of the assets and liabilities of discontinued operations: May 31, 2019 May 31, 2018 (in thousands) (in thousands) Student receivables, net of allowance 185 1,491 Prepaid and other current assets 69 318 Total current assets of discontinued operations 254 1,809 Property and equipment - net - 6,415 Course Development - 126 Other 69 180 Total long-term assets of discontinued operations 69 6,721 Total assets classified as discontinued operations $ 323 $ 8,530 Current portion of lease acceleration payable 2,792 - Accounts payable 1,928 495 Deferred income 492 1,732 Accrued and other liabilities 174 1,568 Total current liabilities of discontinued operations 5,386 3,795 Other long-term liabilities - 2,183 Long-term lease acceleration payable, net of current portion 5,861 - Total long-term liabilities of discontinued operations 5,861 2,183 Total liabilities classified as discontinued operations $ 11,247 $ 5,978 The discontinued operation's financial results are presented as loss from discontinued operations, net of income taxes in our consolidated statement of income. The following table presents those financial results: 2019 2018 (in thousands) (in thousands) Revenue: Academic revenue 15,284 44,193 Auxiliary revenue 550 2,027 Total revenue 15,834 46,220 Operating Expenses: Cost of educational services 8,718 17,041 Selling, general and administrative 9,407 25,653 Auxiliary expense 403 1,503 Loss on lease terminiation and acceleration 8,564 362 Loss on impairment and disposition of property and equipment 5,656 1,880 Total operating expenses 32,748 46,439 Operating Loss from discontinued operations (16,914) (219) Interest and other - net (37) - Loss from discontinued operations before income tax (16,951) (219) Income Tax (Expense) - (39) Net loss from discontinued operations (16,951) (258)

LETTER OF CREDIT AND LONG-TER_2

LETTER OF CREDIT AND LONG-TERM DEBT (Tables)	12 Months Ended
	May 31, 2019
Debt Disclosure [Abstract]
Future maturities of long term debt	2020 $ 800 2021 800 2022 800 2023 5,600 $ 8,000

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	May 31, 2019
Leases [Abstract]
Future Minimum Lease Payments on Non-cancelable Operating Leases	2020 $ 3,252 2021 2,607 2022 2,099 2023 1,617 2024 930 Thereafter 1,921
Schedule of Future Minimum Commitments Under Revised Capital Lease Obligation	2020 $ 1,207 2021 1,231 2022 1,255 2023 1,280 2024 1,306 Thereafter (through October 2031) 10,530 Total future minimum lease obligation $ 16,809 Less: Imputed interest on capital leases (5,952 ) Net present value of lease obligations 10,857

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	May 31, 2019
Stockholders' Equity Attributable to Parent [Abstract]
Summary of Restricted Shares Activity	Restricted Shares Shares Weighted Average Grant Date Fair Value Non-vested shares at May 31, 2017 46,945 $ 1.96 Granted 52,615 2.1 Vested -51,945 1.97 Forfeited 0 0 Non-vested shares at May 31, 2018 47,615 $ 2.10 Granted 113,635 0.88 Vested -47,615 2.1 Forfeited 0 0 Non-vested shares at May 31, 2019 113,635 $ 0.88
Summary of Stock Options Issued	Assumptions used: 2019 2018 Expected term (in years) 5.75 5.75 Weighted average expected volatility 74.01 % 48.75 % Expected volatility range 57.06-86.3 % 48.15-49.14 % Weighted average risk-free interest rate 2.85 % 2.29 % Risk-free interest rate range 2.41-3.84 % 2.11-2.57 % Weighted average expected divident 0.00 % 0.00 % Expected dividend range 0.00-0.00 % 0.00-0.00 % Weighted average fair value per share $ 0.184 $ 0.720
Summary of Option Activity	Stock Options Shares Weighted average exercise price Weighted average remaining contractual life (in years) Aggregate intrinsic value Outstanding at May 31, 2018 193,350 $ 3.54 6.9 $ - Exercisable at May 31, 2018 189,350 $ 3.59 6.9 $ - Outstanding at May 31, 2019 162,204 $ 2.87 6.7 $ 0.6 Exercisable at May 31, 2019 132,203 $ 3.51 6.0 $ -
Summary of Dividend Payments	Date declared Record date Payment date Per share August 4, 2017 September 30, 2017 October 6, 2017 $ 0.0450

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	May 31, 2019
Income Tax Disclosure [Abstract]
Components of Provision for Income Taxes	2019 2018 Current tax expense (benefit) Federal $ - $ (96 ) State 31 18 31 (78 ) Deferred tax expense (benefit) Federal - (181 ) State - (12 ) - (193 ) Total tax expense (benefit) $ 31 $ (271 )
Summary of Effective Income Tax Rate	2019 2018 Statutory -21.0% -29.2% Tax effect of U.S. tax reform 0.0% 17.3% State income taxes - net of federal benefit 0.1% 0.0% Deferred tax valuation allowance 20.8% 10.6% Permanent differences and other 0.2% -0.9% Effective income tax rate 0.1% -2.2%
Significant Components of Deferred Tax Assets and Liabilities	2019 2018 Deferred income tax assets: Account receivable allowances $ 107 $ 165 Bad debt write-offs 567 793 Other 93 73 Revenue recognition 57 - Accrued salaries 220 360 Start up costs 104 123 Capital lease obligations 2,660 2,753 Net operating loss carryforwards - expires 2021-2037 6,602 3,071 Deferred rent 2,106 867 Total deferred income tax assets 12,516 8,205 Valuation allowance (9,664 ) (3,444 ) Net deferred income tax assets 2,852 4,761 Deferred income tax liabilities: Fixed assets and course development (2,655 ) (4,406 ) Prepaid expenses (197 ) (355 ) Other - - Total deferred income tax liabilities (2,852 ) (4,761 ) Net deferred income tax assets (liabilities) $ - $ -

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	May 31, 2019
Basic net loss attributable to National American University Holdings, Inc.
Reconciliation of Numerator and Denominator for Basic and Diluted EPS Computations	For the year ended May 31, 2019 2018 Numerator: Net loss for Continuing Operations attributable to National American University Holdings, Inc. $ (7,152) $ (10,949) Net loss for Discontinued Operations attributable to National American University Holdings, Inc. $ (17,893) $ (1,162) Denominator: Weighted average shares outstanding used to compute basic net income per common share 24,421,461 24,239,888 Incremental shares issuable upon the assumed exercise of stock options - - Incremental shares issuable upon the assumed vesting of restricted shares - - Common shares used to compute diluted net income per share $ 24,421,461 $ 24,239,888 Basic net loss per common share - Continuing Operations $ (0.29) $ (0.45) Diluted net loss per common share - Continuing Operations $ (0.29) $ (0.45) Basic net loss per common share - Discontinued Operations $ (0.73) $ (0.05) Diluted net loss per common share - Discontinued Operations $ (0.73) $ (0.05)

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	May 31, 2019
Regulated Operations [Abstract]
Revenues Source	2019 2018 Title IV HEA $ 39,555 = 78.21% $ 62,444 = 82.06% Academic revenue $ 50,578 $ 76,097

BUSINESS ACQUISITION AND INTA_2

BUSINESS ACQUISITION AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	May 31, 2019
Business Combinations [Abstract]
Assets acquired and liabilities assumed	Cash equivalents $ 664 Student receivables - net 157 Prepaid and other current assets 17 Course Development 1,067 Goodwill 363 Other intangibles 229 Accounts payable (63 ) Deferred income (272 ) Accrued and other liabilities (229 ) Total fair value of net assets acquired 1,933 Less cash acquired (664 ) Total consideration for acquisition, less cash acquired $ 1,269
Net intangible assets	Accumulated Net Carrying Cost Amortization Amount 2019 Student relationships $ 157 $ (47 ) $ 110 Brand name 72 (17 ) 55 $ 229 $ (64 ) $ 165 2018 Student relationships $ 157 $ (18 ) $ 139 Brand name 72 (4 ) 68 $ 229 $ (22 ) $ 207
Future amortization expense	Future amortization expense is as follows as of May 31, 2019: FY 2020 $ 54 FY 2021 54 FY 2022 34 FY 2023 23 $ 165

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	May 31, 2019
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	Quoted prices in active markets (level 1) Other observable inputs (level 2) Unobservable inputs (level 3) Fair value May 31, 2019 Investments: Restricted certificates of deposit $ - $ 15,625 $ - $ 15,625 Total assets at fair value $ - $ 15,625 $ - $ 15,625 May 31, 2018 Investments: Restricted certificates of deposit $ - $ 9,250 $ - $ 9,250 Total assets at fair value $ - $ 9,250 $ - $ 9,250

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	May 31, 2019
Segment Reporting [Abstract]
Financial Information of Reportable Segment	Fiscal Year Ended May 31, Fiscal Year Ended May 31, 2019 2018 NAU Other Consolidated NAU Other Consolidated Revenue: Academic $ 33,232 $ - $ 33,232 $ 26,692 $ - $ 26,692 Auxiliary 1,798 - 1,798 1,858 - 1,858 Rental income apartments - 1,386 1,386 - 1,404 1,404 Condominium sales - 646 646 - 817 817 Other real estate income - 203 203 - 193 193 Total revenue 35,030 2,235 37,265 28,550 2,414 30,964 Operating expenses: Cost of educational services 11,208 - 11,208 9,105 - 9,105 Selling, general & administrative 28,045 2,213 30,258 28,640 1,890 30,530 Auxiliary expense 1,169 - 1,169 1,238 - 1,238 Cost of condominium sales - 507 507 - 709 709 Loss on course development impairment - - - 286 - 286 Loss on impairment and disposition of property 869 145 1,014 370 8 378 Total operating expenses 41,291 2,865 44,156 39,639 2,607 42,246 Operating Loss (6,261) (630) (6,891) (11,089) (193) (11,282) Other income (expense): Interest income 36 100 136 65 11 76 Interest expense (801) (490) (1,291) (833) (13) (846) Other expense - net (17) - (17) (72) - (72) Total other expense (782) (390) (1,172) (840) (2) (842) Loss from continuing operations before income taxes $ (7,043) $ (1,020) $ (8,063) $ (11,929) $ (195) $ (12,124) Loss from discontinued operations before income taxes (16,951) - (16,951) (219) - (219) Loss before income taxes (23,994) (1,020) (25,014) (12,148) (195) (12,343) As of and for Year Ended May 31, 2019 As of and for Year Ended May 31, 2018 NAU Other Consolidated NAU Other Consolidated Total assets $ 26,647 $ 11,398 $ 38,045 $ 35,363 $ 13,444 $ 48,807 Expenditures for long-lived assets $ 114 $ 681 $ 795 $ 1,016 $ 749 $ 1,765 Depreciation and amortization $ 2,675 $ 624 $ 3,299 $ 3,965 $ 677 $ 4,642 Note: Includes assets from discontinued operations of $323 and $8,656 and liabilities of $11,247 and $5,978 as of 05/31/19 and 05/31/18 respectively.

SUMMARIZED QUARTERLY FINANCIA_2

SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	May 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Quarter First Second Third Fourth Fiscal Year Ended May 31, 2019 Revenue $ 9,093 $ 9,239 $ 9,649 $ 9,284 Operating expenses 11,325 11,244 11,167 10,420 Operating loss (2,232) (2,005) (1,518) (1,136) Other expense (259) (343) (259) (311) Loss from Continuing Operations before Income Taxes (2,491) (2,348) (1,777) (1,447) Income Tax (Expense) Benefit - - - (31) Net loss from continuing operations (2,491) (2,348) (1,777) (1,478) Net loss from discontinued operations (2,446) (8,949) (2,773) (2,783) Net Loss (4,937) (11,297) (4,550) (4,261) Net loss attributable to Non-Controlling Interest - - - (48) Unrealized losses on investments, net of tax benefit - Comprehensive loss attributable to National American University Holdings, Inc. $ (4,937) $ (11,297) $ (4,550) $ (4,309) Basic and Diluted net loss attributable to National American University Holdings, Inc.: Continuing Operations $ (0.10) $ (0.10) $ (0.07) $ (0.06) Discontinued Operations $ (0.10) $ (0.37) $ (0.11) $ (0.11) Net income per share - basic and diluted $ (0.20) $ (0.46) $ (0.19) $ (0.17) Basic and diluted weighted average shares outstanding 24,298,761 24,389,841 24,465,124 24,574,556 Fiscal Year Ended May 31, 2018 Revenue $ 6,740 $ 7,189 $ 7,303 $ 9,732 Operating expenses 9,317 9,670 9,754 13,505 Operating loss (2,577) (2,481) (2,451) (3,773) Other expense 96 (192) (106) (640) Loss from Continuing Operations before Income Taxes (2,481) (2,673) (2,557) (4,413) Income Tax (Expense) Benefit - - - 271 Net loss from continuing operations (2,481) (2,673) (2,557) (4,142) Loss from Discontinued Operations before Income Taxes (1,333) (1,099) (1,134) 3,347 Income Tax (Expense) Benefit from Discontinued Operations - - - (39) Net loss from discontinued operations (1,333) (1,099) (1,134) 3,308 Net Loss (3,814) (3,772) (3,691) (834) Net loss attributable to Non-Controlling Interest - - - (50) Unrealized losses on investments, net of tax benefit 4 Comprehensive loss attributable to National American University Holdings, Inc. $ (3,814) $ (3,772) $ (3,691) $ (880) Basic and Diluted net loss attributable to National American University Holdings, Inc.: Continuing Operations $ (0.10) $ (0.11) $ (0.11) $ (0.17) Discontinued Operations $ (0.06) $ (0.05) $ (0.05) $ 0.14 Net income per share - basic and diluted $ (0.16) $ (0.16) $ (0.16) $ (0.03) Basic and diluted weighted average shares outstanding 24,181,440 24,219,884 24,269,158 24,290,404

STATEMENT PRESENTATION AND BA_2

STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION (Details Narrative) $ in Thousands	12 Months Ended
	May 31, 2019USD ($)	May 31, 2018USD ($)	May 31, 2017USD ($)
Assets	$ 38,045	$ 48,807
Net income	(25,093)	(12,161)
Cash used in operating activities	(5,451)	(3,796)
Decrease in cash and cash equivalents	(3,989)	(6,650)
Cash and cash equivalents	1,335	5,324	$ 11,974
Working capital	(11,000)
Stockholder's equity	(8,158)	$ 16,973	$ 29,940
Loan payable	$ 8,500
Loan interest rate	7.00%
Variable Interest Entity Primary Beneficiary [Member]
Percentage of partnership	50.00%	50.00%
Percentage by family members	0.50	0.50
Assets	$ 403	$ 472
Liabilities	92	88
Net income	$ 96	$ 99

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative)	12 Months Ended
	May 31, 2019	May 31, 2018
Sales Revenue Net [Member] | Nau [Member]
Total revenues that were derived from NAU's academic revenue	92.00%	92.00%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Restricted Certificates Of Deposit [Member] - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Amortized Cost	$ 15,625	$ 9,250
Gross Unrealized Holding Gains	0	0
Gross Unrealized Holding Losses	0	0
Fair Value	$ 15,625	$ 9,250

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	12 Months Ended
	May 31, 2019
Building And Building Improvements [Member] | Minimum [Member]
Property plant and equipment useful life	19 years
Building And Building Improvements [Member] | Maximum [Member]
Property plant and equipment useful life	40 years
Land Improvements [Member] | Minimum [Member]
Property plant and equipment useful life	10 years
Land Improvements [Member] | Maximum [Member]
Property plant and equipment useful life	20 years
Furniture Vehicles And Equipment [Member] | Minimum [Member]
Property plant and equipment useful life	5 years
Furniture Vehicles And Equipment [Member] | Maximum [Member]
Property plant and equipment useful life	15 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Property and equipment - net
Land	$ 211	$ 211
Land improvements	1,018	691
Construction in progress	0	945
Building under capital lease	10,600	10,600
Buildings and building improvements	10,257	23,871
Furniture, vehicles, and equipment	13,429	27,435
Total gross property and equipment	35,515	63,753
Less capital lease accumulated depreciation	(4,019)	(3,489)
Less other accumulated depreciation	(15,620)	(35,036)
Total net property and equipment	$ 15,876	$ 25,228

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2019	May 31, 2018
Proceeds from sale of available for sale investments	$ 0	$ 4,668
Depreciation expense	2,580	2,671
Depreciation expense for property and equipment	2,789	4,309
Advertising cost	3,586	8,707
Amortization related to development cost	455	311
Impairment charge for long-lived assets	6,793	2,235
Current deferred rent and tenant improvement liability	92	850
Long term accrued rent liability	189	1,020
Long term accrued tenant improvement liability	206	1,668
Capital Lease Asset [Member]
Depreciation expense	$ 530	$ 530

RECENTLY ADOPTED AND NEW ACCO_2

RECENTLY ADOPTED AND NEW ACCOUNTING PRONOUNCEMENTS (Details Narrative) $ in Thousands	12 Months Ended
	May 31, 2020USD ($)
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Estimated impact	$ 2,200

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	May 31, 2019	May 31, 2018
Revenue from Contract with Customer [Abstract]
Academic revenue									$ 33,232	$ 26,692
Auxiliary revenue									1,798	1,858
Real estate revenue									2,235	2,414
Total revenues	$ 9,284	$ 9,649	$ 9,239	$ 9,093	$ 9,732	$ 7,303	$ 7,189	$ 6,740	$ 37,265	$ 30,964

REVENUES (Details 1)

REVENUES (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	May 31, 2019	May 31, 2018
Services transferred over time:
Academic revenue (transferred over academic term)									$ 33,232	$ 26,692
Rental income (transferred over the rental period)									1,386	1,404
Total									34,618	28,096
Goods or services transferred at a point in time:
Auxiliary revenue									1,798	1,858
Other real estate income									203	193
Condominium sales									646	817
Total									2,647	2,868
Total revenues	$ 9,284	$ 9,649	$ 9,239	$ 9,093	$ 9,732	$ 7,303	$ 7,189	$ 6,740	$ 37,265	$ 30,964

REVENUES (Details Narrative)

REVENUES (Details Narrative) $ in Thousands	12 Months Ended
	May 31, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Cumulative impact	$ 200

STUDENT RECEIVABLES, NET (Detai

STUDENT RECEIVABLES, NET (Details) - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Student accounts receivable	$ 866	$ 1,703
Less allowance for doubtful accounts	(251)	(301)
Student receivables, net	$ 615	$ 1,402

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	May 31, 2019	May 31, 2018
Total current assets of discontinued operations	$ 254				$ 1,809				$ 254	$ 1,809
Total current liabilities of discontinued operations	5,386				3,795				5,386	3,795
Total long-term liabilities of discontinued operations	5,861				2,183				5,861	2,183
Revenue:
Academic revenue									33,232	26,692
Auxiliary revenue									1,798	1,858
Total revenue	9,284	$ 9,649	$ 9,239	$ 9,093	9,732	$ 7,303	$ 7,189	$ 6,740	37,265	30,964
Operating Expenses:
Cost of educational services									11,208	9,105
Selling, general and administrative									30,258	30,530
Auxiliary expense									1,169	1,238
Loss on impairment and disposition of property and equipment									1,014	378
Total operating expenses	10,420	11,167	11,244	11,325	13,505	9,754	9,670	9,317	44,156	42,246
Loss from discontinued operations before income tax	(2,783)	(2,773)	(8,949)	(2,446)	3,347	(1,134)	(1,099)	(1,333)	(16,951)	(219)
Income Tax (Expense)	0	0	0	0	(39)	0	0	0	0	(39)
Net loss from discontinued operations	(2,783)	$ (2,773)	$ (8,949)	$ (2,446)	3,308	$ (1,134)	$ (1,099)	$ (1,333)	(16,951)	(258)
Discontinued Operations
Student receivables, net of allowance	185				1,491				185	1,491
Prepaid and other current assets	69				318				69	318
Total current assets of discontinued operations	254				1,809				254	1,809
Property and equipment - net	0				6,415				0	6,415
Course Development	0				126				0	126
Other	69				180				69	180
Total long-term assets of discontinued operations	69				6,721				69	6,721
Total assets classified as discontinued operations	323				8,530				323	8,530
Current portion of lease acceleration payable	2,792				0				2,792	0
Accounts payable	1,928				495				1,928	495
Deferred income	492				1,732				492	1,732
Accrued and other liabilities	174				1,568				174	1,568
Total current liabilities of discontinued operations	5,386				3,795				5,386	3,795
Other long-term liabilities	0				2,183				0	2,183
Long-term lease acceleration payable, net of current portion	5,861				0				5,861	0
Total long-term liabilities of discontinued operations	5,861				2,183				5,861	2,183
Total liabilities classified as discontinued operations	$ 11,247				$ 5,978				11,247	5,978
Revenue:
Academic revenue									15,284	44,193
Auxiliary revenue									550	2,027
Total revenue									15,834	46,220
Operating Expenses:
Cost of educational services									8,718	17,041
Selling, general and administrative									9,407	25,653
Auxiliary expense									403	1,503
Loss on lease terminiation and acceleration									8,564	362
Loss on impairment and disposition of property and equipment									5,656	1,880
Total operating expenses									32,748	46,439
Operating Loss from discontinued operations									(16,914)	(219)
Interest and other - net									(37)	0
Loss from discontinued operations before income tax									(16,951)	(219)
Income Tax (Expense)									0	(39)
Net loss from discontinued operations									$ (16,951)	$ (258)

LETTER OF CREDIT AND LONG-TER_3

LETTER OF CREDIT AND LONG-TERM DEBT (Details) $ in Thousands	May 31, 2019USD ($)
Debt Disclosure [Abstract]
2020	$ 800
2021	800
2022	800
2023	5,600
Total	$ 8,000

LEASES (Details)

LEASES (Details) $ in Thousands	May 31, 2019USD ($)
Leases [Abstract]
2020	$ 3,252
2021	2,607
2022	2,099
2023	1,617
2024	930
Total	$ 1,921

LEASES (Details 1)

LEASES (Details 1) - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Leases [Abstract]
2020	$ 1,207
2021	1,231
2022	1,255
2023	1,280
2024	1,306
Thereafter (through October 2031)	10,530
Total future minimum lease obligation	16,809	$ 17,992
Less: Imputed interest on capital leases	(5,952)
Net present value of lease obligations	$ 10,857	$ 11,237

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2019	May 31, 2018
Operating lease rent expense	$ 4,208	$ 5,482
Future payments due under capital lease obligation	16,809	17,992
Net present value of capital lease obligation	10,857	11,237
Capital lease payable, current	432	380
Capital lease payable, non-current	10,425	10,857
Capital lease assets	10,600	10,600
Capital lease assets, accumulated depreciation	$ 4,019	$ 3,489

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	May 31, 2019	May 31, 2018
Restricted Shares
Shares, non-vested shares, beginning balance	47,615	46,945
Shares, granted	113,635	52,615
Shares, vested	(47,615)	(51,945)
Shares, forfeited	0	0
Shares, non-vested shares, ending balance	113,635	47,615
Weighted average grant date fair value
Weighted average grant date fair value, non-vested shares, beginning balance	$ 2.10	$ 1.96
Weighted average grant date fair value, granted	0.88	2.10
Weighted average grant date fair value, vested	2.1	1.97
Weighted average grant date fair value,forfeited	0	0
Weighted average grant date fair value, Non-vested shares, Ending balance	$ 0.88	$ 2.10

STOCKHOLDERS' EQUITY (Details 1

STOCKHOLDERS' EQUITY (Details 1) - Stock Option [Member] - $ / shares	12 Months Ended
	May 31, 2019	May 31, 2018
Expected term (in years)	5 years 9 months	5 years 9 months
Expected volatility	74.01%	48.75%
Expected volatility, minimum	57.06%	48.15%
Expected volatility, maximum	86.30%	49.14%
Weighted average risk free interest rate	2.85%	2.29%
Weighted average risk free interest rate range, minimum	2.41%	2.11%
Weighted average risk free interest rate range, maximum	3.84%	2.57%
Weighted average expected dividend	0.00%	0.00%
Weighted average expected dividend range, minimum	0.00%	0.00%
Weighted average expected dividend range, maximum	0.00%	0.00%
Weighted average fair value	$ 0.184	$ 0.72

STOCKHOLDERS' EQUITY (Details 2

STOCKHOLDERS' EQUITY (Details 2) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	May 31, 2019	May 31, 2018
Shares
Outstanding Shares	162,204	193,350
Exercisable Shares	132,203	189,350
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding	$ 2.87	$ 3.54
Weighted Average Exercise Price, Exercisable	$ 3.51	$ 3.59
Weighted Average Remaining Contractual Life (in years)
Weighted Average Remaining Contractual Life (in years), Outstanding	6 years 8 months 12 days	6 years 10 months 24 days
Weighted Average Remaining Contractual Life (in years), Exercisable	6 years	6 years 10 months 24 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Outstanding	$ 6	$ 0
Aggregate Intrinsic Value, Exercisable	$ 0	$ 0

STOCKHOLDERS' EQUITY (Details 3

STOCKHOLDERS' EQUITY (Details 3) - Period One [Member]	12 Months Ended
	May 31, 2019$ / shares
Date declared	Aug. 4, 2017
Record date	Sep. 30, 2017
Payment date	Oct. 6, 2017
Per share	$ 0.0450

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	May 31, 2019	May 31, 2018
Common stock, shares outstanding	24,650,083	24,344,122
Compensation expense of stock options	$ 3	$ 12
Unrestricted stock compensation expense	$ 70	$ 121
Common Stock Authorized	50,000,000	50,000,000
Common Stock Par Value	$ 0.0001	$ 0.0001
Preferred Stock Authorized	1,000,000	1,000,000
Preferred Stock Par Value	$ 0.0001	$ 0.0001
Total Authorized Capital Stock	51,100,000	51,100,000
Restricted Stock [Member]
Restricted stock units issued	113,635	52,615
Grant date fair value	$ 0.88	$ 2.10
Restricted stock units cancelled	0	0
Compensation expenses restricted stock award	$ 98	$ 112
Unamortized compensation cost of restricted stock	$ 36
Unamortized compensation cost weighted average period	4 months 24 days
2018 Plan [Member]
Shares authorized for issuance	1,800,000
Common stock remain available for issuance	1,558,889
Common Class A [Member]
Common Stock Authorized	100,000	100,000
Common Stock Par Value	$ 0.0001	$ 0.0001

EMPLOYEE COMPENSATION PLANS (De

EMPLOYEE COMPENSATION PLANS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2019	May 31, 2018
401(k) Benefit Plan
Employer discretionary contribution amount	$ 0	$ 0
Employer contribution matching percentage	0.00%	0.00%
Compensation Plans
Annual compensation paid in common stock	$ 100	$ 100
Reduction in CEO common stock compensation	$ 67	$ 67

SELF-INSURED HEALTH INSURANCE (

SELF-INSURED HEALTH INSURANCE (Details Narrative) - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Insurance [Abstract]
Claims outstanding	$ 265	$ 375

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	May 31, 2019	May 31, 2018
Current tax expense (benefit)
Federal									$ 0	$ (96)
State									31	18
Total current tax expense (benefit)									31	(78)
Deferred tax expense (benefit)
Federal									0	(181)
State									0	(12)
Total deferred tax expense (benefit)									0	(193)
Total tax expense (benefit)	$ 31	$ 0	$ 0	$ 0	$ (271)	$ 0	$ 0	$ 0	$ 31	$ (271)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	May 31, 2019	May 31, 2018
Income Tax Disclosure [Abstract]
Statutory	(21.00%)	(29.20%)
Tax Effect of US Tax Reform	0.00%	17.30%
State income taxes - net of federal benefit	0.10%	0.00%
Deferred tax valuation allowance	20.80%	10.60%
Permanent differences and other	0.20%	(0.90%)
Effective income tax rate	0.10%	(2.20%)

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Deferred income tax assets:
Account receivable allowances	$ 107	$ 165
Bad debt write-offs	567	793
Other	93	73
Revenue recognition	57	0
Accrued salaries	220	360
Start up costs	104	123
Capital lease obligations	2,660	2,753
Net operating loss carryforwards	6,602	3,071
Deferred rent	2,106	867
Total deferred income tax assets	12,516	8,205
Valuation allowance	(9,664)	(3,444)
Total deferred income tax assets	2,852	4,761
Deferred income tax liabilities:
Fixed assets and course development	(2,655)	(4,406)
Prepaid expenses	(197)	(355)
Other	0	0
Total deferred income tax liabilities	(2,852)	(4,761)
Net deferred income tax (liabilities) assets	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2019	May 31, 2018
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 43,000	$ 12,000
Change in valuation allowance	$ 6,200	$ 2,200

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	May 31, 2019	May 31, 2018
Numerator:
Net (loss) income attributable to National American University Holdings, Inc.									$ (7,152)	$ (10,949)
Net loss from discontinued operations	$ (2,783)	$ (2,773)	$ (8,949)	$ (2,446)	$ 3,308	$ (1,134)	$ (1,099)	$ (1,333)	$ (16,951)	$ (258)
Denominator:
Weighted average shares outstanding used to compute basic net income per common share									24,421,461	24,239,888
Incremental shares issuable upon the assumed exercise of stock options									0	0
Incremental shares issuable upon the assumed vesting of restricted shares									0	0
Common shares used to compute diluted net income per share									24,421,461	24,239,888
Basic net income per common share - Continuing Operations									$ (0.33)	$ (0.49)
Diluted net income per common share - Continuing Operations									(0.33)	(0.49)
Basic net loss per common share - Discontinued Operations									(0.69)	(0.01)
Diluted net loss per common share - Discontinued Operations									$ (0.69)	$ (0.01)

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - shares	12 Months Ended
	May 31, 2019	May 31, 2018
Stock Option [Member]
Number of shares excluded from calculation of diluted EPS	162,204	189,350
Restricted Stock [Member]
Number of shares excluded from calculation of diluted EPS	113,635	99,560

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2019	May 31, 2018
Academic revenue	$ 33,232	$ 26,692
Percentage of revenue collected from funds under title IV programs	78.21%	82.06%
Cash Basis Method [Member]
Academic revenue	$ 50,578	$ 76,097
United States Department Of Education Student Financial Aid Under Title I V Programs [Member]
Title IV HEA funds received	$ 39,555	$ 62,444

REGULATORY MATTERS (Details Nar

REGULATORY MATTERS (Details Narrative) - Point	12 Months Ended
	May 31, 2019	May 31, 2018
Minimum revenues percentage under 34 CFR 600.5(d)	10.00%	10.00%
Minimum composite score	1	1
Maximum composite score	3	3
Composite score	1.1	1.3
Title IV Eligibility Description	An educational institution loses eligibility to participate in Title IV programs if its cohort default rate equals or exceeds 40% for any given year or 30% for three consecutive years.
Federal Fiscal Year 2016 [Member]
Draft Cohort Default Rate	0.201
Federal Fiscal Year 2015 [Member]
Cohort default rates	0.237
Federal Fiscal Year 2014 [Member]
Cohort default rates	0.241

BUSINESS ACQUISITION AND INTA_3

BUSINESS ACQUISITION AND INTANGIBLE ASSETS (Details) $ in Thousands	1 Months Ended
	Mar. 21, 2018USD ($)
Business Combinations [Abstract]
Cash and cash equivalents	$ 644
Student receivables - net	157
Prepaid and other current assets	17
Course development	1,067
Goodwill	363
Other intangibles	229
Accounts payable	(63)
Deferred income	(272)
Accrued and other liabilities	(229)
Total fair value of net assets acquired	1,913
Less cash acquired	(644)
Total consideration for acquisition, less cash acquired	$ 1,269

BUSINESS ACQUISITION AND INTA_4

BUSINESS ACQUISITION AND INTANGIBLE ASSETS (Details 1) - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Cost	$ 229	$ 229
Accumulated Amortization	(64)	(22)
Net Carrying Amount	165	207
Student relationships
Cost	157	157
Accumulated Amortization	(47)	(18)
Net Carrying Amount	110	139
Brand name
Cost	72	72
Accumulated Amortization	(17)	(4)
Net Carrying Amount	$ 55	$ 68

BUSINESS ACQUISITION AND INTA_5

BUSINESS ACQUISITION AND INTANGIBLE ASSETS (Details 2) - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Business Combinations [Abstract]
FY 2020	$ 54
FY 2021	54
FY 2022	34
FY 2023	23
Total	$ 165	$ 207

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value Measurements Recurring [Member] - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
Investments
Total assets at fair value	$ 15,625	$ 9,250
Fair Value Inputs Level 1 [Member]
Investments
Total assets at fair value	0	0
Fair Value Inputs Level 2 [Member]
Investments
Total assets at fair value	15,625	9,250
Fair Value, Inputs, Level 3 [Member]
Investments
Total assets at fair value	0	0
Restricted Certificates of Deposit [Member]
Investments
Total assets at fair value	15,625	9,250
Restricted Certificates of Deposit [Member] | Fair Value Inputs Level 1 [Member]
Investments
Total assets at fair value	0	0
Restricted Certificates of Deposit [Member] | Fair Value Inputs Level 2 [Member]
Investments
Total assets at fair value	15,625	9,250
Restricted Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member]
Investments
Total assets at fair value	$ 0	$ 0

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	May 31, 2019	May 31, 2018
Revenue:
Academic									$ 33,232	$ 26,692
Auxiliary									1,798	1,858
Rental income apartments									1,386	1,404
Condominium sales									646	817
Other real estate income									203	193
Total revenue	$ 9,284	$ 9,649	$ 9,239	$ 9,093	$ 9,732	$ 7,303	$ 7,189	$ 6,740	37,265	30,964
Operating expenses:
Cost of educational services									11,208	9,105
Selling, general & administrative									30,258	30,530
Auxiliary expense									1,169	1,238
Cost of condominium sales									507	709
Loss on course development impairment									0	286
Loss on impairment and disposition of property									1,014	378
Total operating expenses	10,420	11,167	11,244	11,325	13,505	9,754	9,670	9,317	44,156	42,246
Operating Loss	(1,136)	(1,518)	(2,005)	(2,232)	(3,773)	(2,451)	(2,481)	(2,577)	(6,891)	(11,282)
Other income (expense):
Interest income									136	76
Interest expense									(1,291)	(846)
Other expense - net									(17)	(72)
Total other expense	(311)	(259)	(343)	(259)	(640)	(106)	(192)	96	(1,172)	(842)
Loss from continuing operations before income taxes	(1,447)	(1,777)	(2,348)	(2,491)	(4,413)	(2,557)	(2,673)	(2,481)	(8,063)	(12,124)
Net loss from Discontinued Operations	(2,783)	$ (2,773)	$ (8,949)	$ (2,446)	3,308	$ (1,134)	$ (1,099)	$ (1,333)	(16,951)	(258)
Loss before income taxes									(25,014)	(12,343)
Total assets	38,045				48,807				38,045	48,807
Expenditures for for long-lived assets									795	1,765
Depreciation & amortization									3,299	4,642
Nau [Member]
Revenue:
Academic									33,232	26,692
Auxiliary									1,798	1,858
Rental income apartments									0	0
Condominium sales									0	0
Other real estate income									0	0
Total revenue									35,030	28,550
Operating expenses:
Cost of educational services									11,208	9,105
Selling, general & administrative									28,045	28,640
Auxiliary expense									1,169	1,238
Cost of condominium sales									0	0
Loss on course development impairment									0	286
Loss on impairment and disposition of property									869	370
Total operating expenses									41,291	39,639
Operating Loss									(6,261)	(11,089)
Other income (expense):
Interest income									36	65
Interest expense									(801)	(833)
Other expense - net									(17)	(72)
Total other expense									(782)	(840)
Loss from continuing operations before income taxes									(7,043)	(11,929)
Net loss from Discontinued Operations									(16,951)	(219)
Loss before income taxes									(23,994)	(12,148)
Total assets	26,647				35,363				26,647	35,363
Expenditures for for long-lived assets									114	1,016
Depreciation & amortization									2,675	3,965
Other [Member]
Revenue:
Academic									0	0
Auxiliary									0	0
Rental income apartments									1,386	1,404
Condominium sales									646	817
Other real estate income									203	193
Total revenue									2,235	2,414
Operating expenses:
Cost of educational services									0	0
Selling, general & administrative									2,213	1,890
Auxiliary expense									0	0
Cost of condominium sales									507	709
Loss on course development impairment									0	0
Loss on impairment and disposition of property									145	8
Total operating expenses									2,865	2,607
Operating Loss									(630)	(193)
Other income (expense):
Interest income									100	11
Interest expense									(490)	(13)
Other expense - net									0	0
Total other expense									(390)	(2)
Loss from continuing operations before income taxes									(1,020)	(195)
Net loss from Discontinued Operations									0	0
Loss before income taxes									(1,020)	(195)
Total assets	$ 11,398				$ 13,444				11,398	13,444
Expenditures for for long-lived assets									681	749
Depreciation & amortization									$ 624	$ 677

SUMMARIZED QUARTERLY FINANCIA_3

SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	May 31, 2019	May 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 9,284	$ 9,649	$ 9,239	$ 9,093	$ 9,732	$ 7,303	$ 7,189	$ 6,740	$ 37,265	$ 30,964
Operating expenses	10,420	11,167	11,244	11,325	13,505	9,754	9,670	9,317	44,156	42,246
Operating loss	(1,136)	(1,518)	(2,005)	(2,232)	(3,773)	(2,451)	(2,481)	(2,577)	(6,891)	(11,282)
Other expense	(311)	(259)	(343)	(259)	(640)	(106)	(192)	96	(1,172)	(842)
Loss from Continuing Operations before Income Taxes	(1,447)	(1,777)	(2,348)	(2,491)	(4,413)	(2,557)	(2,673)	(2,481)	(8,063)	(12,124)
Income Tax (Expense) Benefit	(31)	0	0	0	271	0	0	0	(31)	271
Net loss from continuing operations	(1,478)	(1,777)	(2,348)	(2,491)	(4,142)	(2,557)	(2,673)	(2,481)	(8,094)	(11,853)
Loss from Discontinued Operations before Income Taxes	(2,783)	(2,773)	(8,949)	(2,446)	3,347	(1,134)	(1,099)	(1,333)	(16,951)	(219)
Income Tax (Expense) Benefit from Discontinued Operations	0	0	0	0	(39)	0	0	0	0	(39)
Net loss from discontinued operations	(2,783)	(2,773)	(8,949)	(2,446)	3,308	(1,134)	(1,099)	(1,333)	(16,951)	(258)
Net Loss	(4,261)	(4,550)	(11,297)	(4,937)	(834)	(3,691)	(3,772)	(3,814)	(25,045)	(12,111)
Net loss attributable to Non-Controlling Interest	(48)	0	0	0	(50)	0	0	0	48	50
Unrealized losses on investments, net of tax benefit	0	0	0	0	4	0	0	0	0	4
Comprehensive loss attributable to National American University Holdings, Inc.	$ (4,309)	$ (4,550)	$ (11,297)	$ (4,937)	$ (880)	$ (3,691)	$ (3,772)	$ (3,814)	$ (25,093)	$ (12,157)
Basic and Diluted net loss attributable to National American University
Continuing Operations	$ (0.06)	$ (0.07)	$ (0.10)	$ (0.10)	$ (0.17)	$ (0.11)	$ (0.11)	$ (0.10)
Discontinued Operations	(0.11)	(0.11)	(0.37)	(0.10)	0.14	(0.05)	(0.05)	(0.06)
Net income per share - basic and diluted	$ (0.17)	$ (0.19)	$ (0.46)	$ (0.20)	$ (0.03)	$ (0.16)	$ (0.16)	$ (0.16)
Basic and Diluted weighted average shares outstanding	24,574,556	24,465,124	24,389,841	24,298,761	24,290,404	24,269,158	24,219,884	24,181,440